In April, exports contracted 3.5% over the same month last year, which contrasted both the 5.4% expansion observed in March (previously reported: +5.5% year-on-year) and market expectations of a 2.6% rise. Non-oil and gas exports, which account for the majority of Indonesian exports, contracted 2.4% in April (March: +3.5% yoy). Meanwhile, oil and gas exports also decreased a more severe 7.3% in April (March: +13.8% yoy). Imports, on the other hand, increased 11.6% in April, which was below the 12.7% rise recorded in March but above market expectations of a 10.0% increase. As a result, the trade balance registered a shortfall of USD 641 million in April, which contrasted both the USD 1.7 billion surplus registered in the same month last year and market expectations of a USD 884 million surplus. In fact, the figure represented the largest trade deficit since April 2008.
Indonesia Trade Balance
Indonesia posts largest trade deficit since 2008
June 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.