Jakarta — Indonesia trade posted US$1.4 billion surplus in January, a drastic surge from only US$10 million in January 2016, the Central Statistics Agency (BPS) has said.

“This is the highest surplus since January 2014,” BPS Head Suhariyanto said during a press conference in Jakarta on Thursday (16/02).

Indonesian exports reached US$13.38 billion in January this year, an increase of 27.21 percent compared to the figure recorded in January 2016. Non-oil and gas exports accounted for US$12.11 billion, a 29.24 percent increase from the US$9.37 billion recorded in January 2016.

Meanwhile, the value of oil and gas exports was US$1.27 billion, an increase of 11.27 percent.  Indonesian imports were US$11.99 billion, a 14.54 percent increase. Non-oil and gas imports were US$10.18 billion, a 10.12 percent increase.

Source: thejakartapost