In November, exports increased 47.6% over the same month the year before to reach USD 15.7 billion, far in excess of the 16.3% increase registered in October. The faster growth was primarily the result of a lower comparison base, however, an appreciating rupiah offset the increase to some extent. The acceleration mainly reflected faster growth in non-oil and gas exports (October: +17.4% year-on-year; November: +55.6% yoy), which account for more than three quarters of Indonesian exports. However, exports of oil and natural gas also accelerated, rising 16.7% over the same month in the previous year (October: +11.1% yoy). Imports improved over the same month the year before, rising 44.8% in November, following growth of 24.1% in October. As a result, the trade surplus increased from USD 2.4 billion in October to USD 3.4 billion in November.
Indonesia Trade Balance
Exports reach all-time high in November
December 31, 2010
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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.