In September, exports fell 9.4% over the same month last year, which followed the 24.7% decrease observed in August (previously reported: -24.3% year-on-year) but was less than the 14.1% decline expected by the market. As a result, in the 12 months up to September, exports contracted 2.4% over the same period the previous year (August: +1.1% yoy). Non-oil and gas exports, which account for the majority of Indonesian shipments, fell 3.5% in September (August: -22.6% yoy). Meanwhile, oil and gas exports declined a whopping 29.5% (August: -32.0% yoy). Imports, on the other hand, rose 1.2% in September, which contrasted the 8.4% decline recorded in August and market expectations of a 4.0% decrease. As a result, imports grew 12.5% in annual terms in the last 12 months (August: +16.2% yoy). The trade surplus reached USD 553 million in September. As a result, the 12-month moving sum of the trade balance reached USD 4.9 billion surplus in September, which was smaller than the USD 6.7 billion surplus recorded in August.
Indonesia Trade Balance
Exports contract for the six straight month in September
November 1, 2012
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Indonesia Trade Balance Chart
Indonesia Economic News
October 20, 2016
At its 19–20 October monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.00% to 4.75%.
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.