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Indonesia's trade deficit with China increases in January

Indonesia suffered a trade deficit of over 2.4 billion USD with China in January, up 32 percent from the same period last year, according to the Central Bureau of Statistics (BPS).
Indonesia's trade deficit with China increases in January ảnh 1Jakarta, Indonesia. (Source: FIM)

Jakarta (VNA) – Indonesiasuffered a trade deficit of over 2.4 billion USD with China in January, up 32percent from the same period last year, according to the Central Bureau ofStatistics (BPS).

Suhariyanto, head of the BPS, attributed the deficit to the slowdown in China'seconomic growth that affected demand for raw materials and some Indonesianexports to China.

The rate of non-oil and gas products in Indonesia’s exports to China wasreduced to 13.52 percent (1.71 billion USD) in the first month of 2019,compared to 14.51 percent (1.92 billion USD) posted in January last year.

Besides, Indonesia’s oil export to China decreased by 4.36 percent to 184.6 millionUSD in the reviewed month.

Also in January, Indonesia’s trade balances with Thailand and Australia alsoposted a deficit at 261 million USD and 208 million USD, respectively.

However, Indonesia had a surplus with the US (805 million USD), India (650million USD) and the Netherlands (214 million USD). - VNA
VNA
#trade deficit#China#Central Bureau of Statistics#economic growth#Indonesian exports#non-oil and gas products#trade balances#Vietnam#VietnamPlus#Viet Nam News
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