Trade Minister: Trade Surplus from January to November 2017 Increases More Than 40 Percent
By : Hariyanto And Aldo Bella Putra | Sunday, December 24 2017 - 21:00 IWST
Menteri Perdagangan Enggartiasto Lukita
INDUSTRY.co.id - Jakarta - Export and import performance in November 2017 posted a trade surplus of US $ 0.13 billion. Trade Minister Enggartiasto Lukita said the surplus in November 2017 stems from a non-oil / non-gas trade surplus of USD 1.09 billion less the oil and gas trade deficit of US $ 0.96 billion.
The cumulative trade balance during January-November 2017 experienced a surplus of US $ 12.02 billion. This is achieved from a non-oil / gas trade surplus of US $ 19.58 billion and oil and gas trade deficit of US $ 7.56 billion.
"The trade surplus during January-November 2017 increased more than 40% compared to the period of January-November 2016 which only reached USD 8.48 billion," said Enggartiasto through official statement in Jakarta, Friday (22/12/2017).
Minister Enggar added that India contributed the largest non-oil and gas surplus in the period of January-November 2017, followed by the United States, the Philippines, the Netherlands and Pakistan, which reached USD 28.0 billion.
"While China, Thailand, Australia, South Korea and Argentina are the main trading partners of the non-oil and gas deficit that reached US $ 20.7 billion," Enggartiasto said.