Trade Balance Indonesia: Export & Import Down in September 2016
Indonesia's Statistics Agency (BPS) announced that the nation's trade surplus improved to USD $1.22 billion in September 2016, the highest monthly surplus over the past 13 months. The rising surplus was primarily the result of a growing non-oil & gas trade surplus. However, both Indonesia's exports and imports contracted on an annual basis. But because imports declined more rapidly, Southeast Asia's largest economy managed to record a solid trade surplus in September, beating analysts' estimates, by far (that averaged around USD $450 million).