Jakarta: Indonesia’s trade balance recorded a surplus of USD1.96 billion in January 2021, the Central Statistics Agency said on Monday.
Last month, Indonesia’s total export value reached USD15.3 billion, while the country’s total import value stood at USD13.34 billion.
“It was better than the same period last year. The trade balance recorded a deficit of USD640 million. In January 2019, the deficit reached USD980 million,” BPS Chairman Suhariyanto said in a virtual press conference.
According to the BPS Chairman, on a monthly basis, Indonesia’s total export value was decreased by 7.48 percent.
On the other hand, on a yearly basis, the country’s total export value grew by 12.24 percent.
Based on data issued by Bank Indonesia (BI), Indonesia’s official reserve assets stood at USD138.0 billion as of end-January 2021, increased from USD135.9 billion as of end-December 2020.
The position of official reserve assets was equivalent to finance 10.5 months of imports or 10.0 months of imports and servicing government’s external debt, and well above the international adequacy standard of three months imports.