In March, exports grew 25.6% over the same month last year to reach USD 16.7 billion, which was slightly down from the 27.3% expansion observed in February (previously reported: +28.2% year-on-year). The March reading represented the 17th consecutive month of double-digit growth in exports, suggesting that the international appetite for Indonesian goods remains elevated. The slower expansion reflected more subdued growth in non-oil and non-gas exports, which decelerated from a 28.9% increase in February to expand 21.9% in March. On the other hand, oil and gas exports gained pace and expanded 43.8% over the same month the previous year (February: +20.3% yoy). Meanwhile, imports slowed, falling from a 37.2% year-on-year increase in February to a 32.9% expansion in March to reach USD 14.5 billion. As a result, the trade surplus widened from USD 2.0 billion in February to USD 2.2 billion in March.
Indonesia Trade Balance
Trade surplus expands on robust export growth in March
April 29, 2011
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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%.