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)||-4.1||-2.2||7.7||9.5||11.8|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Trade Balance Chart
Source: Statistics Indonesia.
|Bond Yield||7.97||-0.05 %||Feb 14|
|Exchange Rate||14,090||0.05 %||Feb 14|
|Stock Market||6,420||-0.32 %||Feb 14|
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February 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.2 billion in January, once more coming in wider than market expectations.
February 11, 2019
In December, retail sales grew 7.7% over the same month in the prior year, up from November’s 3.4% expansion and matching the Bank’s initial estimate.
February 6, 2019
The economy expanded 5.2% in the fourth quarter according to recent data released by Statistics Indonesia, matching Q3’s reading and FocusEconomics panelists’ expectations.
February 1, 2019
Conditions in Indonesia’s manufacturing sector largely stagnated in January according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 51.2 in December to 49.9 in January.
February 1, 2019
Consumer prices increased 0.32% in January from the previous month, down from December’s 0.62% increase.