Indonesia Suffers A Deficit Of US$420 Mln In Nov Trade

Jakarta, Jan 2 (Antara) - Indonesia recorded a deficit of US$420 million in trade in November as against a surplus of US$23 million in October, the Central Bureau of Statistics (BPS) said. Head of BPS Suryaman said the country posted US$13.62 billion in exports in November with imports valued at US$14.04 billion. The deficit was attributed to US$1.36 billion deficit in oil and gas trade, Suryamin said, adding a surplus of US$940 million in trade of other commodities was not enough to offset the deficit in oil and gas trade. Cumulatively, the country`s trade balance in the first 11 months of 2014 had a deficit of US$2.07 billion with deficit in oil and gas sector totaling US$12.09 billion. "Surplus in non oil/gas trade of US$10.02 billion was quite significant but not enough to make up for the deficit in the oil and gas trade," Suryamin aaid. The country`s exports in the January-November period were valued at 161.67 billion down 2.36 percent on-year including oil and gas exports of US$27.98 billion or down 4.27 percent on-year and other commodities valued at US$133.69 billion, down 1.95 percent. Meanwhile, imports were valued at US$163.74 billion , down 4.34 percent on-year.