Indonesia Posts $3.66bn Trade Surplus

Indonesia Posts $3.66bn Trade Surplus

JAKARTA ~ Weaker imports helped Indonesia to a US$3.66-billion trade surplus in February, up from the previous month, official data released this week showed.

The country posted a rise on the $3.11-billion surplus in January, statistics chief Rusman Heriawan said.

Exports were little changed at $8.32 billion in February, but imports dropped sharply to $4.66 billion from $5.24 billion the previous month.

“In general, our export performance remained good despite flooding disrupting transportation to ports during the first two weeks of the month,” Heriawan said, referring to massive flooding in and around Jakarta in February.

Japan consumed the largest chunk of Indonesian exports in February, some $915.5 million worth, followed by the US, Singapore, China and Malaysia.

Indonesia’s exports hit a record high of $9.5 billion in December.

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