Indonesia Listed its Trade Surplus $293 million per August 2016

Indonesia Listed its Trade Surplus $293 million per August 2016. It is lower than the surplus in julia which is $598.3 million or almost half of it. However it's not caused by the less export quota but the high import performance even though the export basically increased more than july 2016.

The surplus in January-August 2016, said Sasmito, reached $ 4.38 billion as exports of US $ 91.73 billion, higher than imports in the same period of $ 87.35 billion.

More detailed in, Indonesia's exports increased by 32.54 percent to $ 12.63 billion in August 2016 against the previous month period. Oil and gas exports rose 12.95 percent to  $ 1.13 billion and non-oil increased by 34.84 percent to $ 11.50 billion.

While compared to August 2015 amounted to $ 12.73 billion, exports of the eighth month slumped 0.74 percent. "Non-oil exports in August, this is the first positive annual basis, amounting to 2.8 per cent from the previous periods of negative," he explained.

Cumulatively throughout January to August of this, exports fell 10.61 percent (YoY) to  $ 91.73 billion. Non-oil exports in the period dropped 7.32 percent to  $ 83.11 billion. The largest contribution from animal fats and vegetable oils  $ 10.57 billion, and mineral fuels  $ 8.81 billion.

The largest market share of Indonesian export from the United States of  $ 10.23 billion (12.31 percent), Japan  $ 8.42 billion (10.14 percent), and China's $ 8.36 billion (10.06 percent ). Non-oil exports to ASEAN reached  $ 18.20 billion (21.89 percent) and the European Union Rp 9.21 billion (11.09 percent).

In terms of imports rose 36.84 percent to  $ 12.34 billion compared to July 2016. Compared to August 2015 which amounted to  $ 12.40 billion, the realization of the eighth month, down 0.49 percent. Of the group of oil and gas rose 16.55 percent from $ 1.51 billion to $ 1.76 billion in August 2016. The non-oil imports of  $ 7.51 billion to  $ 10.58 billion, up 40.90 percent.

Performance of imported  $ 87.35 billion during January-August of this, down 9.42 per cent on an annual basis. Meanwhile, non-oil exports of  $ 75.39 billion, down 4.49 percent.

The non-oil import to China of  $ 19.45 billion (25.80 percent), Japan  $ 8.42 billion (11.17 percent), and to Thailand with import value of  $ 5.90 billion (7.83 percent ). RI imports from ASEAN amounted to  $ 16.46 billion (21.84 percent) and from the European Union  $ 6.99 billion (9.27 percent).