Indonesia Trade Balance

Indonesia

Indonesia: September exports maintain resilience

October 31, 2011

In September, exports grew 46.3% over the same month last year, which was above the 35.9% expansion observed in August (previously reported: +37.1% year-on-year) and represented the 24th consecutive month of double-digit growth in exports. Non-oil and non-gas exports, which account for the majority of Indonesian exports, accelerated from 24.1% in August to 35.1% in September, while oil and gas exports grew a strong 100.3% over the same month the previous year (August: +105.2% yoy). Meanwhile, imports also gained pace and expanded 56.4% over the same month last year (August: +23.9% yoy). As imports outpaced exports, the trade surplus narrowed from USD 3.6 billion in August to USD 2.7 billion in September.In September, exports grew 46.3% over the same month last year, which was above the 35.9% expansion observed in August (previously reported: +37.1% year-on-year) and represented the 24th consecutive month of double-digit growth in exports. Non-oil and non-gas exports, which account for the majority of Indonesian exports, accelerated from 24.1% in August to 35.1% in September, while oil and gas exports grew a strong 100.3% over the same month the previous year (August: +105.2% yoy). Meanwhile, imports also gained pace and expanded 56.4% over the same month last year (August: +23.9% yoy). As imports outpaced exports, the trade surplus narrowed from USD 3.6 billion in August to USD 2.7 billion in September.


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