World Economy

Indonesia Trade Surplus Up

Indonesia Trade Surplus UpIndonesia Trade Surplus Up

Indonesia’s trade performance witnessed a higher surplus in September with the year-over-year decline in exports continued to slow, Xinhua reported. The national statistic bureau announced on Monday that Indonesia recorded $1.21 billion trade surplus in September, rising from revised $360 million in August. Indonesia’s exports continued to slow in September by recording 0.59% reduction to 12.51% from a year earlier, Head of the National Statistic Bureau Suhariyanto told a press conference at the bureau headquarters. Imports were down 2.26% to $11.30 billion in September from a year ago, he said. In the first nine months, exports fell 9.4% to $115.21 billion on year, while imports shrank 8.6% to $107.99 billion, creating $7.22 billion in the period, said Suhariyanto. Indonesia’s rupiah appreciates over 6% this year and the central bank’s foreign exchange rose by $9.740 billion to $115,671 billion, according to data from the central bank.


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