Indonesia's trade balance again recorded a surplus in November 2021 of US$3.51 billion. This means that in the January-November period, Indonesia has a trade balance surplus of US$34.32 billion. The achievement of this surplus is the 19th time in a row. "November 2021 the goods trade balance was a surplus of US$3.51 billion. Indonesia's trade balance for 19 consecutive recorded a surplus," said Head of the Central Statistics Agency (BPS) Margo Yuwono in a virtual press conference, Wednesday (15/12). The trade balance surplus in November 2021 was due to the higher performance of national exports than imports. Indonesia's exports were recorded at US$22.84 billion, and imports were recorded at US$19.33 billion. Export performance increased by 3.69% from October 2020 (month to month/mtm) which was recorded at US$20.03 billion. Meanwhile, when compared to November 2020 (year on year/yoy), export performance increased 49.70% due to the export value at that time being only US$15.26 billion. Non-oil and gas exports are still the main contributors to export value. In November 2021, non-oil and gas exports were recorded at US$21.51%, or up 2.40% (mtm) and up 48.38% (yoy). Meanwhile, oil and gas exports were recorded at US$1.33 billion, up 29.95% (mtm) and up 74.80% (yoy).

"The largest increase in non-oil and gas exports in November 2021 occurred in mineral fuel commodities of US$211.3 million. Meanwhile, the largest decline in non-oil and gas exports occurred in vegetable animal fats and oils of US$811.4 million," explained Margo. Meanwhile, import performance in November recorded an 18.62% increase from October 2021 which was recorded at only US$16.29 billion. Meanwhile, when compared to November 2020, the value of imports grew by 52.62% because at that time the value was only US$ 12.66 billion. The import performance was driven by non-oil and gas imports which were recorded at US$16.30 billion, grew 13.25% (mtm), and grew 40.79% (yoy). Meanwhile, oil and gas imports in November 2021 were recorded at US$3.03 billion, or grew 59.37% (mtm), and grew by 178.79% (yoy). "The largest increase in the category of non-oil and gas goods in November 2021 compared to October was machinery or electrical equipment and its parts, which recorded a value of US$425.5 million. Meanwhile, the largest decline was in cereals amounting to US$129.7 million," Margo explained. Cumulatively in the January-November 2021 range, Indonesia's exports recorded a value of US$209.16 billion, or up 42.69% from the same period in 2020. Meanwhile, the value of Indonesia's imports in the January-November 2021 period, was recorded at US$174.84 billion, up 37.53% from the same period in 2020.

Source: https://m.mediaindonesia.com/ekonomi/458141/neraca-dagang-november-surplus-us351-miliar