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Dec 16, 2016 11:48:13

Statistics Agency: November trade surplus at USD838mn, +1.1% y-y; Improved exports

Statistics Agency (BPS) stated that November trade balance amounted to USD838mn, +1.1% y-y or -32.2% m-m. This surplus was supported by USD13.5bn exports, +21.3% y-y or +5.9% m-m, due to non-oil and gas exports, which reached 28.8% y-y or 6.0% m-m. BPS’s Deputy Head Sasmito Wibowo stated that non-oil and gas exports would continue to remain robust in December and in 2017, both for goods and services. Separately, MoF Sri Mulyani stated that export prospects would improve due to higher commodity prices and demand volume. (Statistics Agency, Kontan, Tempo)

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