When the Chinese Economy Becomes the Pride of Indonesia's Trade Deficit
WartaJurnal . Indonesia's trade balance has returned to its end in November 2018. The Central Bureau of Statistics (BPS) recorded a trade deficit in the past month that reached 2.05 billion US dollars, the worst since July 2013. Cumulatively or from January to November, the deficit has reached 7.52 billion US dollar. Head of BPS Suhariyanto explained, the factors that make the trade balance fall deep enough are the oil and gas deficit which reached 1.5 billion US dollars and non-oil and gas trade of 583 million US dollars. The cause, he said, is price movements in a number of commodities in October and November. "The price of Indonesian crude oil fell from 77.56 dollars per barrel in October 2018 to 62.98 dollars per barrel in November 2018," Suhariyanto said in his office on Monday. While for non-oil and gas commodities, prices of chocolate and gold increased. The price of non-oil and gas commodities that have declined, he said, is kernel oil, palm oil, coal and nickel. ...