Our Industry Is Not Running Normally

Suara.com – Indonesia’s trade balance in January 2021 experienced a surplus of 1.96 billion US dollars.

This surplus figure was obtained from the export value which was higher than the import value in that month, where the export value reached 15.30 billion US dollars while imports were 13.34 US dollars.

Economic observer from Core Indonesia Piter Abdullah said that the trade balance surplus was not very encouraging, because the surplus was obtained from a drop in import activities.

“We have a surplus, but the surplus implies one thing that is not normal because our industry is not running normally,” said Piter in a dialogue entitled ‘Leverage for an Awakened Economy, virtually Tuesday (16/2/2021).

Also Read: A Trade Balance Surplus Will Be A Positive Contribution To Economic Growth

Piter explained, according to the use of imported goods from all users, both for consumption, for raw or auxiliary materials and for capital goods as a whole, it still experienced negative growth.

For example, on a month to month basis, consumer goods decreased by 17 percent, while annually decreased by 2.92 percent, as well as imports of raw or auxiliary materials decreased by 2.62 percent on a monthly basis and annually fell by 6.10 percent.

Meanwhile, imports of capital goods also fell 21.23 percent month to month and annually contracted by 6.49 percent.

“During this pandemic there has been a very drastic decline both in terms of production and sales and it has a very simple impact, as seen from our imports, which import raw materials, import imported capital goods, that all of the supporting goods are needed. the industry has decreased drastically, “he explained.

Head of BPS Kecuk Suhariyanto, January 2021 surplus was much better than January 2020 and 2019 which had a deficit of US $ 0.86 billion and US $ 1.16 billion respectively.

Also Read: Beginning of Year Trade Balance Surplus 1.96 Billion US Dollars, BPS: Pretty Good

“The performance in January was quite good because exports increased by 12.24 percent (yoy). Agricultural exports rose 13.91 percent, industrial exports also rose 11.72 percent, thus the value of mining exports rose 16.92 percent,” said Kecuk in a press conference. virtually in Jakarta, Monday (15/2/2021).

Source: Suara.com – Kumpulan Berita Bisnis Hari Ini Yang Terbaru by www.suara.com.

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