Business News Asia
Indonesia’s trade surplus fell in September after commodity prices weakened
Indonesia’s National Statistics Office reported a trade surplus of $4.99 billion for September. This was down from $5.76 billion in August.
The deputy director of the Indonesian Bureau of Statistics informed that Indonesia has a record trade surplus with India, the U.S., and the Philippines.
According to the report, Indonesian exports in September fell 11% from the previous month to $24.8 billion. This was due to the drop in prices for raw materials such as nickel and palm oil.
Indonesian exports rose by 20.3% year-on-year in September.
Imports decreased by 10.6% to $19.81 billion in September compared to the previous month. This was mainly due to the decrease in imports of consumer goods.
