Trade Surplus Supports Current Account Balance : BI

BI Executive Director of Communication Department Tirta Segara.

Jakarta, 19 Sha’ban 1438/16 May 2017 (MINA) – Bank Indonesia (BI) said the trade surplus of US$1.24 billion in April 2017 shored up the country current account balance.

“BI sees that the positive performance of the country’s international trade in April 2017 contributed to the position of the countrys current account balance,” Antara News quoted Executive Director of the Communication Department of the Central Bank Tirta Segara as saying here on Monday.

Tirta said BI continues to follow developments of the global and domestic economy that would have its effect on the performance of trade balance.

Earlier the Central Bureau of Statistics (BPS) said the country recorded a surplus of US$1.24 billion in April thanks to improvement in the performance of exports of commodities other than oil and gas.

The surplus in April, however, was smaller than surplus of US$1.4 billion recorded in March, 2017 on decline in the exports of commodities other than oil and gas.

Year-on-year, however, the surplus in April 2017 was much higher. In April, 2016, the trade surplus was only US$0.88 billion. (T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)