Exports in Indonesia
Indonesia - Exports
Trade surplus broadly steady in October
Indonesia’s trade surplus was broadly unchanged in October amid turnarounds in both export and import growth. Exports rose 4.6% from the same month last year, which contrasted the slim 0.2% contraction seen in September and marked an over two-year high. Non-oil and gas exports, which account for the majority of Indonesian shipments, rose 8.4% in October, which was above September’s 3.3% increase. Meanwhile, the contraction in oil and gas exports moderated slightly and was 25.2% (September: -27.0% year-on-year). Imports also rebounded and grew at the fastest pace in over two years, expanding 3.3% in October after falling 2.3% in the previous month.
As a result, the trade surplus was broadly steady in October at USD 1.2 billion (September: USD 1.3 billion). The result was above October 2015’s USD 1.0 billion surplus and overshot market expectations. Meanwhile, the 12-month moving sum of the trade balance improved from September’s USD 6.2 billion surplus to a USD 6.4 billion surplus.
FocusEconomics Consensus Forecast panelists expect exports to decrease 6.8% and see the trade balance recording a surplus of USD 9.8 billion in 2016. For 2017, the panel expects exports to grow 4.4% and expects the trade surplus to drop to USD 6.1 billion.
Indonesia - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 150 | 145 | 169 | 180 | 167 |
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.10 | -0.05 % | Dec 31 |
| Exchange Rate | 13,883 | 0.05 % | Jan 01 |
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Economic News
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Indonesia: Central Bank holds rates in April
April 19, 2022
At its monetary policy meeting on 18–19 April, Bank Indonesia (BI) opted to leave the seven-day reverse repo rate at the all-time low of 3.50%—where it has been since February 2021—in a move widely expected by market analysts.
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Indonesia: Inflation comes in at highest level since April 2020 in March
April 1, 2022
Consumer prices increased 0.66% over the previous month in March, swinging from February's 0.02% drop and marking the highest reading since December 2017.
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Indonesia: Central Bank holds rates in March
March 17, 2022
At its monetary policy meeting on 16–17 March, Bank Indonesia (BI) decided to leave the seven-day reverse repo rate at the all-time low of 3.50%—where it has been since February 2021—in a move was widely expected by market analysts.
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Indonesia: Merchandise exports gain steam in February
March 15, 2022
Merchandise exports soared 34.1% year-on-year in February (January: +25.3% year-on-year).
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Indonesia: Inflation ticks down in February
March 1, 2022
Consumer prices fell 0.02% in February over the previous month, swinging from January’s 0.56% rise.
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