Trade Balance of Indonesia Records a US $864 Million Deficit in January 2020
In line with estimates, Indonesia’s trade balance showed another deficit in January 2020. Based on the latest data from Statistics Indonesia (Badan Pusat Statistik, or BPS), a USD $864.2 million trade deficit was recorded in the first month of the year.
While the overall trade balance of Indonesia improved (compared to January 2019) thanks to a surplus in the non-oil and gas balance, it was Indonesia’s oil and gas trade deficit that deteriorated significantly in January 2020 (see the table below), thereby putting some big pressure on the overall balance.
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