In July, exports grew 39.5% over the same month last year, which was below the 49.1% expansion observed in June. Weaker export performance mainly reflected sliding global demand. Still, export growth remains robust, with the July reading representing the 22nd consecutive month of double-digit growth in exports. Non-oil and non-gas exports decelerated from 41.9% in June to 28.5% in July, while oil and gas exports grew a hefty 102.1% over the same month the previous year (June: +88.9% year-on-year). Meanwhile, import growth moderated somewhat to 27.2% over the same month last year (June: +28.2% yoy), which continued to be favoured by the strong Indonesian rupiah. The trade surplus narrowed from USD 3.3 billion in June to USD 1.4 billion in July.
Indonesia Trade Balance
Exports slow on faltering global demand
September 5, 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%.