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India, The Export Surplus Contributor to Indonesia in November 2017



 India, The Export Surplus Contributor to Indonesia in November 2017

Photo: Public Relation of Ministry of Trade

InfoSAWIT, JAKARTA–The exports and imports in November 2017 got surplus trade reaching US$ 0,13 billion. “The November 2017 surplus derived from the trade surplus from non – oil and gas reaching USD 1,09 billionminus trade deficit in oil and gas reaching US$ 0,96 billion,” Secretary of Trade, Enggartiasto Lukita said in the official statement to InfoSAWIT, Friday (22/12/2017) in Jakarta.

In cumulative, the trade balance in January to November 2017 was surplus reaching US$ 12,02billion. It was from the trade surplus from non-oil and gas reaching US$ 19,58billionandtrade deficit of oil and gasreaching US$ 7,56 billion. “The trade surplus in January-November 2017 increased more than 40% compared to the same period in last year, that reached USD 8,48 billion,” he said.

He also mentioned, India was the biggest trade surplus contributor in January-November 2017, then United States of America, Philippine, Netherland,and Pakistan that reached USD 28,0 billion. “While China, Thailand, Australia, South Korea, and Argentina were the trade partners that contribute to deficit in non-oil and gas reaching US$ 20,7 billion,” Enggartiasto said. (T2)

 


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