On a declining trend

JAKARTA: Indonesia has again logged a trade surplus in a trend that began in May last year as commodity prices have picked up while the Covid-19 pandemic has battered demand for imported goods.
According to data published by Statistics Indonesia (BPS) on Monday, Indonesia booked a surplus of US$1.96bil in January. While the surplus is the lowest since June, with both exports and imports down from the previous month, the figure marks a stark contrast to a trade deficit of US$640mil registered in January last year.
Exports fell to US$15.30bil in January, down 7.48% from US$16.54bil in December 2020, which was the highest figure since 2013. Despite the monthly drop, exports in January are up 12.24% from the same month last year as major trading partners like China have re-emerged from the pandemic.

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