Indonesia posted US$1.71 billion trade surplus in February

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Indonesia`s trade surplus in February reached US$1.71 billion, slightly up from US$1.1 billion in January, according to the Central Bureau of Statistics (BPS) on Thursday.

“The balance of trade shows a surplus of US$1.7 billion making total surplus in the past two months to reach US$3.8 billion,” BPS chief Rusman Heriawan said.

Indonesia`s exports in February were recorded at US$11.20 billion while its imports US$9.50 billion rising 0.08 percent from January`s which were recorded at US$9.49 billion.

The country`s non-oil and gas imports in February reached US$7.44 billion, down US$113.9 million (1.51 percent) from January, 2010.

The oil and gas imports in February 2010 meanwhile reached US$2.06 billion, up US$121.4 million (6.27 percent) from January 2010.

Machinery/mechanic instruments contributed the biggest value of imports in February 2010 amounting to US$1.38 billion, though down 3.06 percent from January. Based on the January-February period however their value rose 18.49 percent compared to the same period last year.

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