• Trade Balance of Indonesia: Despite Declining Non-Oil and Gas Exports, the Trade Surplus Persists

    Trade Balance of Indonesia: Despite Declining Non-Oil and Gas Exports, the Trade Surplus Persists

    Indonesia collected a USD $2.01 billion trade surplus in January 2024, which is the smallest surplus in six months (July 2023) for Southeast Asia’s largest economy. Key reason is that Indonesia’s non-oil and gas exports showed a relatively steep decline compared to non-oil and gas exports in the preceding month and in the same month one year earlier. So, Indonesia’s export performance remains under some pressure.

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  • Indonesia's Next President Will Probably Be Prabowo Subianto

    Indonesia's Next President Will Probably Be Prabowo Subianto

    Based on the quick count results, presidential candidate Prabowo Subianto will win the 2024 presidential election by a comfortable margin. Not only does he enjoy around 57-59 percent of the national votes, but he also seems to control at least 20 percent of the votes in over 20 provinces. This would mean that a second round is not even necessary. Still, we have to wait for the official result that is scheduled to be released on 20 March 2024.

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