REPUBLIKA.CO.ID, JAKARTA - Indonesias trade deficit from January to November 2013 reached 5.6 billion USD, caused by oil/gas trade deficit pressure worth 11.8 billion USD, Minister of Trade Gita Wirjawan said.
"Cumulatively the deficit from January to November 2013 reached 5.6 billion USD," Wirjawan noted at a press conference on Friday.
He added that the deficit in the oil and gas trade until November 2013 had reached 11.8 billion USD pressuring non-oil/gas trade surplus which stood at 6.2 billion USD.
He said that trend of economic growth in the developed countries being quite high, so export was expected to increase Wirjawan added that oil imports always caused a deficit on the trade balance reaching 1 billion USD per month.
"It will be difficult to maintain if oil/gas imports are still that high, no matter how much surplus fromnon oil and gas sector," he said.
According to the National Statistics Agency the country's balance of trade was in surplus of 775.8 million USD with exports reaching 15.93 billion USD and imports at 15.15 billion USD, making the surplus the highest since April 2012. Cumulatively Indonesia's export value from January to November 2013 was recorded at 165.57 billion USD or down by 5.19 percent as compared to that of the same period in 2012. Oil/gas imports meanwhile rose by 13.39 percent or 3.94 billion USD compared to 3.47 billion USD in October.
Ikuti Whatsapp Channel Republika