In May, exports contracted 8.5% over the same month last year, which followed the 2.3% decline observed in April (previously reported: -3.5% year-on-year) but was above market expectations of a 9.0% decrease. Non-oil and gas exports, which account for the majority of Indonesian exports, fell 7.7% in May (April: -2.4% yoy). Meanwhile, oil and gas exports fell a more severe 11.4% in May (April: -1.9% yoy). Imports, on the other hand, increased 16.1% in May, which was above both the 13.8% rise recorded in April and market expectations of a 10.5% increase. As a result, the trade balance registered a shortfall of USD 486 million in May, which contrasted both the USD 3.5 billion surplus registered in the same month last year and market expectations of a USD 220 million surplus.
Indonesia Trade Balance
Exports fall at the fastest pace in almost three years
July 2, 2012
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Indonesia Trade Balance Chart
Indonesia Economic News
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.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.