In May, exports grew 44.9% over the same month last year to reach USD 18.3 billion, an all-time high, which was above the 37.5% expansion observed in April. Surging exports benefitted from rising commodity prices as Indonesia's main export product is crude palm oil. The May reading represented the 20th consecutive month of double-digit growth in exports. The expansion reflected improvement in non-oil and non-gas exports, which accelerated from a 28.8% increase in April to expand 45.7% in May. On the other hand, oil and gas exports continued to lose pace and expanded 33.9% over the same month the previous year (April: +36.6% yoy). Meanwhile, imports expanded 48.5% over the same month last year to reach USD 14.8 billion. As a result, the trade surplus widened from USD 1.7 billion in April to USD 3.5 billion in May. Positive net exports contribute positively to economic growth, which stood at 6.5% in the first quarter of 2011.
Indonesia Trade Balance
Trade surplus widens on surging exports
June 30, 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%.