In June, exports contracted a whopping 16.4% over the same month last year, which followed the 8.0% decline observed in May (previously reported: -8.5% year-on-year) and was more than twice the 7.9% contraction expected by the market. Non-oil and gas exports, which account for the majority of Indonesian shipments, fell 15.0% in June (May: -7.8% yoy). Meanwhile, oil and gas exports fell an even more severe 22.3% in June (May: -8.5% yoy). Imports, on the other hand, increased 10.7% in June, which was below both the 14.9% rise recorded in May and market expectations of a 14.1% increase. As a result, the trade balance registered a record shortfall of USD 1.3 billion in June, contrasting both the USD 3.3 billion surplus registered in the same month last year and market expectations of a USD 532 million surplus.
Indonesia Trade Balance
Indonesia posts record trade deficit in June
August 1, 2012
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Indonesia Trade Balance Chart
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%.