World

Indonesia posts 2.33 billion USD in trade surplus in August

Indonesia’s trade balance recorded a surplus of 2.33 billion USD in August, with exports and imports valued at 13.07 billion USD and 10.74 billion USD, respectively, according to the Central Agency of Statistics (BPS).
Indonesia posts 2.33 billion USD in trade surplus in August ảnh 1The loading and unloading facilities at the Jakarta International Container Terminal (JICT) in Tanjung Priok, North Jakarta. (Photo: Jakarta Post)

Jakarta (VNA) – Indonesia’s trade balance recorded a surplus of2.33 billion USD in August, with exports and imports valued at 13.07 billionUSD and 10.74 billion USD, respectively, according to the Central Agency ofStatistics (BPS).

The agency’s Suhariyanto said on September 15 that the surplus is much higherthan 92.6 million USD recorded in the same month last year, hoping that it willcontinue to increase, and the economy will recover in the future.

In August 2020, Indonesia enjoyed a surplus of 1 billion USD with the US, 451 million USD with the Philippines, and 425 million USD with India, Suhariyanto noted.

However, the country’s trade balance underwent a deficit with others such as China(893.6 million USD) and Brazil (158.4 million USD).

Indonesia’s trade surplus in theJanuary-August period was cumulatively recorded at 11.05 billion USD, muchhigher than 2.04 billion USD seen in the same period last year.

Earlier, the country announced July’s trade surplus at 3.26 billion USD, withexports of 13.73 billion USD, and imports of 10.47 billion USD./.
VNA
#Indonesia’s trade balance. surplus#Central Agency of Statistics#deficit#Suhariyanto#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

Indonesia steps up school digitalisation

Indonesia steps up school digitalisation

The Indonesian Ministry of Education and Culture is proposing a budget of 1.49 trillion RP (100 million USD) for school digitalisation programmes in a bid to reduce technological discrepancies by improving digital access to education.
Indonesia to extend assistance to small businesses

Indonesia to extend assistance to small businesses

Indonesian Minister of Cooperatives and Small and Medium Enterprises Teten Masduki has said his Government is seeking to expand its business assistance programme to around 3 million more small businesses affected by the COVID-19 outbreak by reallocating funds from other programmes within the government’s stimulus plan.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.