Beyond predictions, the February 2019 trade balance was a surplus of US $ 330 million
Posted by: admin 5 years, 1 month ago
(Comments)
This surplus was beyond the estimate of a number of economists who predicted the trade balance last month to experience a deficit, but shrank from the previous month.
"Finally, after four consecutive deficits, thank God, we have a surplus," said Head of BPS Suhariyanto in his office on Friday (3/15).
JAKARTA. The Central Statistics Agency (BPS) recorded a February 2019 trade balance recorded a surplus of US $ 0.33 billion. The surplus was due to the export value of US $ 12.53 billion. While the import value was recorded lower by US $ 12.20 billion. The export performance fell 10.03% compared to January 2019, also down 11.33% year on year (yoy). Both oil and gas and non-oil and gas exports declined, each by 11.55% and 9.8% compared to the previous month.
Suhariyanto said Indonesia still faces challenges in boosting exports. Among other things, the decline in the global economy including China and the United States (US) and fluctuations in raw commodity prices.
"This is a challenge to boost exports because there is an economic slowdown in the main destination countries and commodity prices are unpredictable, and there are influences on the number of days," he said.
In terms of imports, the import value fell sharply by 18.61% compared to January 2019 and fell by 14.02% yoy. Both oil and gas and non-oil and gas imports declined by 6.6% and 20.1% compared to the previous month.
Imports have decreased at the most with electrical machinery and equipment, organic chemicals, iron and steel objects, and vehicles and their parts.
Thus, cumulatively from January to February 2019 exports and imports were recorded at US $ 26.46 billion billion and US $ 27.19 billion respectively. Thus, the cumulative trade balance deficit was recorded at US $ 0.73 billion.
2 weeks, 2 days ago
What does the Fed do in 2008
Recent newsToday, one of the popular topic related to financial policy is the question on
read more2 weeks, 2 days ago
What is Lifetime Value of customer
Recent newsHave you ever heard about LTV? well if you talk about Macroprudential policy, it will be loan to value. But if you talk about startups and the world of tech, it refers to the Lifetime value of a company.
read more1 month, 1 week ago
Mengenal lebih dalam kurikulum merdeka
Recent newsAkhirnya Indonesia menerapkan kurikulum merdeka, namun sebenarnya apa sih itu kurikulum merdeka?
read more1 month, 2 weeks ago
How to understand the impact of interactive variable from interaction model to depended variable
Recent newsI tried from my own research. And here it is
read more2 months ago
Thing you should do, to not clutter the social media
Recent newsThere 7 things that really move the needle when it comes to social media. They aren’t always easy, but they really do produce results.
read more2 months ago
Elektabilitas cawapres 2024, Erick Thohir paling atas
Recent newsJelang Pilpres 2024, sejumlah nama telah teridentifikasi dan mendapat dukungan publik. Tiga teratas capres sejauh ini adalah Anies Baswedan, Ganjar Pranowo, dan Prabowo Subianto. Ketiganya memang telah mengantongi dukungan dari beberapa partai politik. Namun, dukungan pada ketiganya tampak masih belum ajeg. Hal ini menunjukkan bahwa preferensi publik juga belum ajeg, masih rentan terhadap perkembangan situasi politik maupun kondisi lain.
read more7 months, 2 weeks ago
Collaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without
Comments