Higher oil imports eat into Indonesia’s positive trade balance

Indonesia's trade surplus of US$2.39bil was the lowest in four months. — The Jakarta Post

JAKARTA: Indonesia’s exports again exceeded imports last month, but the country’s trade surplus would have been significantly higher had it not been for the increase in oil imports over the past year.

Interim Statistics Indonesia (BPS) head Amalia Adininggar Widyasanti said on Monday that June marked the “50th consecutive month” of surplus trade as exports worth US$20.84bil surpassed US$18.45bil of imports.