Indonesia Experiences Trade Balance Surplus in August
Chairperson of the Fiscal Policy Agency of the Ministry of Finance, Febrio Kacaribu, stated that Indonesia’s trade balance recorded its highest surplus since 2006 in August 2021 at 4.74 billion USD. The latter is contributed by the surplus of non-oil and gas trade at 5.43 billion USD while the oil and gas trade experienced a deficit of 1.23 billion USD. Consequently, Indonesia has kept a trade balance surplus for the past 16 months consecutively. In January-August 2021, the total trade balance surplus had reached 19.17 billion USD.
