go The agency, known as BPS, said May deficit stood at $1.52 billion, lower than April’s $1.63 billion.
Exports jumped 12.47 percent to $16.12 billion as higher oil and gas prices that was caused by global concerns over declining crude output from major producers have helped Southeast Asia’s largest economy securing higher earnings.
The country earned $1.57 billion from its oil and gas exports, which represented a 28.8 percent jump on annualized basis. Non-oil-and-gas exports increased at a smaller pace of 9.25 percent to $15.6 billion.
follow Indonesia’s biggest export market was China with $2.09 billion recorded, followed by the United States ($1.57 billion), Japan ($1.4 billion) and the European Union ($1.74 billion).
go to link In the January to May period, exports rose 9.65 percent to $74.93 billion, while imports spiked 24.75 percent to $77.7 billion. That left Indonesia with a trade deficit of $2.77 billion.