Balance of Trade of the Republic of Indonesia again depressed this year. Last such event occurred in 1961.

Mahendra Siregar 

Balance of Trade of the Republic of Indonesia again depressed this year. Last such event occurred in 1961.

Deputy Finance Minister Mahendra Siregar explains, global economic conditions continued to affect the domestic economy. It also affects the balance of trade of Indonesia.

"These conditions need to watch carefully. Because the last time Indonesia's trade balance deficit in 50 years, since 1961," Mahendra said during a news conference at the Finance Ministry office in Jakarta, Monday (07/01/2013).

Based on data from the Central Statistics Agency (BPS), Indonesia's trade balance for November 2012 there was a deficit of 478.4 million U.S. dollars. It happened because the November 2012 imports amounted to 16.92 billion U.S. dollars.

While exports of RI in the same period is only 16.44 billion U.S. dollars. To import during January to November 2012 has increased 9.92 percent (year over year) to 16.92 billion dollars from 15.39 billion dollars previously.

However when compared with October 2012, imports RI tends to fall 1.67 percent. These imports of oil imports contributed 4.07 billion U.S. dollars and non-oil imports amounted to 3.94 billion U.S. dollars.

While exports from January to November 2012 amounted to 16.44 billion U.S. dollars, down 4.6 percent (yoy) compared to the previous 17.4 billion U.S. dollars. However when compared with October 2012 was up 7.3 percent. From oil and gas exports contributed 2.7 billion U.S. dollars, up 2.23 per cent and non-oil exports rose 8.36 percent to 13.73 billion U.S. dollars.

Meanwhile, Indonesia's trade balance from January to November 2012 was also a deficit of 1.33 billion U.S. dollars.

"So long as global conditions have not recovered, then Indonesia will still be a deficit," he added.

While the trade deficit caused by oil and gas (oil), this condition occurs in repeated since 2008.