Worst of the Year, Trade Balance in November Declines
PojokId . Indonesia's trade balance has again suffered a deficit in November 2018. Based on data from the Central Statistics Agency (BPS) released today, the cause is a drop in export value of 3.28% year on year (yoy). While the import value was recorded at 16.88 billion US dollars, up 11.68% (yoy). "Our November trade balance has a quite deep deficit of US $ 2.05 billion," Head of the Central Statistics Agency (BPS) Suhariyanto said in his office on Monday. Thus, this trade deficit is the worst this year. Based on BPS data, Indonesia's trade balance was recorded at 1.8 billion US dollars in October and reached 2.03 billion US dollars in July. Even so, the value of Indonesia's imports in November was down 4.47 percent compared to October 2018. Oil and gas imports which have been the cause of the deficit, in November 2018 fell to 2.84 billion or 2.80 percent compared to October. But it rose 28.72 percent compared to November 2017. While non-oil and gas imports reac...