About CAEXPO
Indonesia's trade surplus increases to 11.9 bln USD in Q2
http://www.caexpo.org   2011-08-19 12:01:45

JAKARTA, Aug. 18 (Xinhua) -- Indonesia's central bank said Thursday that the country's trade surplus rose significantly to 11. 9 billion U.S. dollars in the second quarter from 7.7 billion U.S. dollars in the previous quarter, as capital and financial transactions picked up, spokesman of the bank Difi Johansyah said here.

"This indicates that amid the gloomy global economic condition, Indonesia has still been able to show a positive performance and the trust of foreign investors on the prospect of Indonesia's economy remains high," the spokesman said.

The bank saw that the trade balance would keep improving by this year end, he said.

Indonesia's foreign exchange reserve rose to 122.7 billion U.S. dollars at the end of July from 119.7 billion U.S. dollars at the end of June, the bank said.

Non-oil and gas exports grew by 38.6 percent in the second quarter year on year as the global commodities prices rose, while non-oil and gas imports increased by 29.3 percent in three months ending in June year on year, which in line with the acceleration of the country's economic growth, the spokesman said.

The government forecast non-oil-and-gas exports are going to rise by 12 to 16 percent in 2011, Trade Minister Mari Elka Pangestu has said.

Most of Indonesia's exports comprises of natural resources products and commodities, which contribute over 32 percent to the country's GDP.

Source:xinhua