In December, exports grew 2.2% over the same month the previous year, which was well below the 10.2% expansion observed in November (previously reported: +8.3% year-on-year). The reading represented the slowest pace of growth since September 2009. Non-oil and gas exports, which account for the majority of Indonesian exports, rose a meagre 0.2% in December (November: +7.0% yoy). Meanwhile, oil and gas exports also decelerated from a 25.1% expansion in November to a 10.5% rise in December. Imports, on the other hand, accelerated from an 18.3% increase in November to a 24.3% rise in December. As a result, the trade surplus narrowed from USD 1.8 billion in November to USD 900 million in December. In the full year 2011, exports totalled USD 204 billion, which represented a new record-high and was up from the USD 158 billion recorded in 2010. In addition, the result came in above the government's forecast, which had total exports reaching USD 200 billion last year. Simultaneously, imports totaled USD 177 billion and the trade balance surplus was USD 26.3 billion in 2011.
Indonesia Trade Balance
Exports hit a new record in 2011
January 31, 2012
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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%.