BANDUNG - End of year, December 2018, West Java's foreign trade still experiences a surplus. In terms of value of USD 1.40 billion.
The Central Statistics Agency said the surplus was supported by a surplus of non-oil and gas commodities of USD 1.48 billion, while the oil and gas commodity was a deficit of USD 76.93 million.
Head of West Java Central Statistics Agency (BPS) Dody Herlando said Non-Oil and Gas trade with 13 main trading partners had a surplus of USD620.74 million and the total surplus in December 2018 reached USD 1.48 billion.
"Non-oil and gas trade transactions with 13 major trading partner countries, in the period of December 2018, West Java experienced a trade balance deficit with four countries worth USD 261.53 million. "Transactions originating from transactions with Singapore were a deficit of USD 9.06 million, China amounted to USD154.15 million, South Korea amounted to USD 86.76 million and Taiwan was valued at USD11.56 million," he explained in the West Java BPS office.
West Java exports in December 2018 reached USD2.37 billion. Year-on-year Non-oil and gas exports rose 2.96 percent, total exports rose 3.57 percent. Oil and gas exports (y-o-y) also rose 108.89 percent from 2017.
Throughout 2018 West Java's highest exports were vehicles and parts, worth USD 4.57 billion with the main destination being the Philippines as much as 27.46 percent (worth USD 1.25 billion) followed by Thailand 17.52 percent (worth USD 0.80 billion).
"The December 2018 trade balance value is a surplus of USD 1.40 billion, the cumulative January-December surplus is USD 17.70 billion," he said again.
West Java's import value in December 2018 was USD 0.97 billion, down 6.44 percent compared to November 2018. jo