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Thursday, 16 April 2020 12:51

Indonesia posts US$743.4 million trade balance surplus in March 2020

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Indonesia's trade balance recorded a surplus of US$743.4 million in March 2020, with exports valued at $14.09 billion and imports at $13.35 billion. As quoted by Antara News Agency,   Central Statistics Agency (BPS) Chief Suhariyanto stated in Jakarta on Wednesday that  surely, this figure is encouraging amid the current uncertain situation. However, BPS still needs to be aware of its import composition.In March 2020, Suhariyanto noted that the non-oil and gas trade surplus stood at $1.7 billion, while the oil and gas sector experienced a deficit of $932 million. Thus, the trade balance during the January-March 2020 period registered a surplus of $2.62 billion, with an export value of $41.79 billion and imports, $39.17 billion//Ant

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