In 2014, balance of Lithuania’s trade with South Korea was negative and stood at -EUR 343 million, as Lithuania’s exports to South Korea amounted to Euro 33 million, but imports from there accounted for Euro 376 million, Eurostat, the statistical office of the European Union (EU), said.
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The latest data from BPS show that Indonesia’s exports rose 10.8 percent (month-on-month) to United States dollars $12.7 billion in August, while on an annual basis exports plunged 12.3 percent.
For the whole of the European Union of 28 countries, the unadjusted trade surplus was €12.9 billion in July compared to €1.2 billion the year before.
Seasonally adjusted exports declined 0.7% from the previous month, while imports fell 1.1%.
Mandiri Sekuritas economist Aldian Taloputra, who had predicted that Indonesia’s trade surplus would reduce to $464 million, cited the following factors contributing to the improvement: a growth in investment activities, improved readings on the purchasing manager index, and a rebound in cement sales.
The biggest contributor to the rise in imports in August was the inward shipment of machinery and mechanical appliances that rose 26.46% from July to $410 million, and electrical appliances that edged up 20.43% to $214.5 million. This increase was mainly driven by the rises of imports from South Korea recorded in the United Kingdom, Greece and Denmark.
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The widening of the trade surplus adds to a series of indicators that show the eurozone’s modest economic recovery continues.
