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
|Trade Balance (USD billion)||7.7||9.5||11.8||-8.7||-3.2|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Trade Balance Chart
Source: Statistics Indonesia.
|Bond Yield||7.10||-0.05 %||Dec 31|
|Exchange Rate||13,883||0.05 %||Jan 01|
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February 1, 2023
The Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, rose to 51.3 in January from 50.9 in the month prior.
February 1, 2023
Inflation came in at 5.3% in January, down from December’s 5.5%.
January 23, 2023
Merchandise exports expanded 6.6% year-on-year in December (November: +5.5% year-on-year).
January 19, 2023
At its monetary policy meeting on 18–19 January, Bank Indonesia (BI) raised the seven-day reverse repo rate by 25 basis points from 5.50% to 5.75%, marking a continuation of its tightening cycle and bringing the total increase in rates to 225 basis point since August.
January 16, 2023
Retail sales increased 0.0% year on year in December (November: +1.3% yoy).