Trade Resources Economy Brief Report of Indonesia's Trade in May 2016

Brief Report of Indonesia's Trade in May 2016

According to the statistics of Indonesia Central Bureau of Statistics, its volume of goods trade was USD110.49 billion from January to May in 2016, up 12.3% year-on-year (the same below). Exports fell by 12.9% to USD56.59 billion, and imports fell by 11.6% to USD53.90 billion. The trade surplus was USD2.69 billion, down32.6% from last year.

In May, Indonesia’s volume of goods trade fell by 6.8% to USD22.66 billion. Exports fell by 9.3% to USD11.51 billion and imports fell by 4.1% to USD11.14 billion. And the trade surplus fell by 63.5% to USD0.37 billion.

Since January to May, bilateral trade volume between Indonesia and China fell by 2.6% to USD17.90 billion. Indonesia’s exports to China were USD5.60 billion, down 9.6%. It accounted for 9.9% of Indonesia’s overall export, up 0.4%. And Indonesia’s imports from China reached USD12.30 billion, up 1.0%. It accounted for 22.8% of Indonesia’s overall imports, up 2.8% over the previous year. Indonesia’s trade deficit with China was USD6.70 billion, up 12.2%.

China was the third largest export market of Indonesia after Japan and the U.S., and its largest source of imports up to the end of May in 2016.

Source: www.made-in-china.com
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