In February, exports grew 28.2% over the same month last year to reach USD 14.4 billion, which was down from the 39.2% expansion observed in January. The result reflected slower growth in both non-oil and non-gas as well as in oil and gas exports. Non-oil and non-gas growth remained high at 30.7% in February (January: +42.8% year-on-year), while oil and gas exports added 18.0% over the same month the previous year (January: +22.2% yoy). Similarly, imports decelerated, falling from a 37.4% year-on-year increase in January to a 25.9% expansion in February to reach USD 11.2 billion. As a result, the trade surplus widened from USD 2.1 billion in January to USD 3.2 billion in February.
Indonesia Trade Balance
Trade surplus increases as imports slow in February
March 31, 2011
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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.