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Indonesia records $186.8 million trade surplus in December

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Statistics   Indonesia did well with the trade

Indonesia's trade performance swung to a $186.8 million surplus in December after registering $420 million deficit in the previous month, the national statistic bureau announced.

The surplus occurred as the country's non-oil and gas trade balance witnessed a surplus of $1.22 billion in December but the oil and gas trade performance had had a deficit of 1.04 billion in the month, said Suryamin, head of the bureau.

The surplus in December led the country's trade deficit gap in the whole year of 2014 to narrow to $1.88 billion from $4.08 billion deficit in 2013, he told a press conference.

The Southeast Asia's largest economy's total export in December was $14.62 billion , falling by 13.83 percent year on year, while import reached $14.43 billion or down by 6. 61 percent, said Suryamin.

Indonesia has scrambled to narrow large current account deficit gap, such as by slashing a huge subsidy on fuels. But still weakening prices of global commodities have weakened the country's exports.

Indonesia's current account deficit stood at $6.836 billion or 3.07 percent of the GDP at the third quarter last year, falling from $8.689 billion or 4.07 percent of the GDP at the previous quarter, according to the central bank.

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