In June, exports grew 49.3% over the same month last year, which was above the 44.5% expansion observed in May and drove exports to a new high of USD 18.4 billion. Exports benefitted from rising commodity prices, in particular the price of crude palm oil, which is Indonesia's main export product. The June reading represented the 21st consecutive month of double-digit growth in exports. Non-oil and non-gas exports expanded 42.1% in June (May: +38.2% yoy), while oil and gas exports grew a stellar 88.9% over the same month the previous year (May: +71.9% yoy). Meanwhile, import growth moderated to 28.3% over the same month last year (May: +48.6% yoy), pushing imports to USD 15.1 billion. The trade surplus narrowed from USD 3.5 billion in May to USD 3.3 billion in June.
Indonesia Trade Balance
Exports reach new high in June
July 29, 2011
Looking for forecasts related to Trade Balance in Indonesia? Download a sample report now.
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%.