REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) predicted that trade balance deficit in June 2014 would reach 300 million USD. BI governor, Agus Martowardojo said that the deficit was due to the high imports of oil and gas, unrealized export of non-mineral materials, as well as low demand of commodities.

According to Martowardojo, imported oil pressure is still high this year. However, export growth or non-oil trade balance surplus has improved. This well progress was not in line with the decline of oil and gas deficit. It means, the trade balance is still deficit in year to date (ytd).

Meanwhile, non-oil trade balance still experienced a surplus. Indonesian manufacturing exports, such as textiles, yarn, electronics, vehicles and vehicle equipments increased.

"The manufacturing index improved. It was in line with BI data review, there will be improvement of Indonesian non-oil trade balance," Martowardojo said recently.

Export of natural resources in Indonesia is still depressed due to the ban on raw mineral export in the Mining Law. The natural resources' export is recorded good in month to month (mtm) data, but declining in year to year (yty).

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