Trade Balance in Indonesia
Indonesia - Trade Balance
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 - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 7.7 | 9.5 | 11.8 | -8.7 | -3.2 |
Indonesia Trade Balance Chart
Source: Statistics Indonesia.
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 fire in October
October 22, 2021
At its monetary policy meeting held on 18–19 October, 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.
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Indonesia: Decline in retail sales softens in August
October 15, 2021
Retail sales declined 2.1% compared to the same month of the previous year in August, which was above July's 2.9% decrease.
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Indonesia: Merchandise exports grow at a slower pace in September
October 15, 2021
Merchandise exports shot up 47.6% in annual terms in September, following August’s 64.1% upturn.
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Indonesia: Inflation stable in September
October 1, 2021
Consumer prices dipped a seasonally-adjusted 0.04% over the previous month in September, contrasting the 0.03% rise logged in August.
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Indonesia: Manufacturing PMI returns to growth in September
October 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) jumped to 52.2 in September, from August's 43.7.
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