Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Indonesia's Trade Surplus Surges in September as Imports Drop

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/15/2015 | 01:26am EDT
By I Made Sentana And Deden Sudrajat 

JAKARTA, Indonesia--Indonesia's trade surplus beats expectations to rise sharply to $1.02 billion in September as imports dropped faster than exports, official data showed Thursday.

The trade surplus more than doubled from $433 million in August, helping narrow Indonesia's current-account deficit. But weak imports showed expansion in Southeast Asia's largest economy continued to lose steam in the third quarter.

The surplus was higher than the median $900 million forecast of 10 economists polled by The Wall Street Journal.

The official Statistics Agency said exports dropped 1.55% from the previous to $12.53 billion, and contracted 17.98% from a year earlier. Imports dropped 7.16% from August to $11.51 billion, and 25.95% from a year earlier.

The statistics agency's chairman, Suryamin, said the country's import of crude oil products fell by 14.55% from August as state-owned oil and gas company Pertamina's new oil refining unit in Central Java started operations last month.

The agency added imports dropped 19.67% during the first nine months of the year to $107.94 billion from a year earlier, dragged by a 16.69% drop in imports of machinery equipment.

January-September exports, on the other hand, contracted 13.29% to $115.07 billion, weighed by falling crude palm oil and coal exports.

Write to I Made Sentana at i-made.sentana@wsj.com and Deden Sudrajat at deden.sudrajat@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CRUDE PALM OIL FUTURES (CPO) - CMG (ELECTRONIC)/C1 -0.24% 530 End-of-day quote.6.57%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
10:32pU.S.-Japan trade talks will bring peace of mind to farmers, automakers - Motegi
RE
04:00pSoftBank mulls bringing 40 companies to Brazil
RE
03:32pPRIME MINISTER OF HUNGARY : A Christian Democratic state has been built in Hungary
PU
11:29aLabour government would abolish 'non-domiciled' status in first budget
RE
10:37aADB ASIAN DEVELOPMENT BANK : Vice-President Reaffirms Commitment to Uzbekistan's Development
PU
09:29aTanzania sees 2019/20 cashew nut output up 33 percent - minister
RE
07:09aMIN ZHANG : China traders cut back Iran iron ore purchases ahead of tariff hike
RE
06:52aPRESIDENT OF RUSSIA : Greetings to President of Armenia Armen Sarkissian and Prime Minister Nikol Pashinyan on Armenia's national holiday – Independence Day
PU
05:18aHopes for trade breakthrough fade as China cancels U.S. farm visits
RE
05:12aNATIONAL PORK BOARD : Clearing the Way for New Opportunities
PU
Latest news "Economy & Forex"