Jakarta - The Central Statistics Agency BPS  announced that Indonesia's trade balance in March 2022 again recorded a surplus of US$4.53 billion.

BI Executive Director Erwin Haryono said the surplus was higher than the surplus in the previous month, which reached US$3.83 billion. Indonesia's trade balance has continued in surplus since May 2020.

"Bank Indonesia views the trade balance surplus as having a positive contribution to maintaining the external resilience of the Indonesian economy," he said in a written statement released on Tuesday (4/19) in Jakarta.

BI will continue to strengthen policy synergies with the government and relevant policy authorities to increase external resilience and support national economic recovery.

The trade balance surplus in March 2022 came from an increase in the non-oil and gas trade surplus amid an increasing oil and gas trade deficit.

In March 2022, the non-oil and gas trade