Indonesia’s trade increased to US$3.61 billion in October 2020 from US$0.12 billion in the same month of the previous year. This was the sixth straight month of surplus in trade balance, and the largest since December 2010, mainly due to a slump in imports, amid the coronavirus pandemic. Exports fell 3.29% over a year earlier to USD 14.39 billion, mainly due to lower sales of oil and gas products (-26.89%), while non-oil exports fell by 1.84%.
Imports plunged 26.93% over a year earlier to US$10.79 billion, as purchases of both oil and gas (-38.54%) and non-oil and gas (-25.36%) tumbled. Considering the first ten months of the year, the trade recorded a surplus of US$17.08 billion, shifting from a US$2.41 billion gap in the same period 2019.
