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Indonesia’s August 2021 trade balance was quite spectacular with the value of the country’s exports totaling USD $21.42 billion, the highest export figure in ten years.
On Tuesday (7.09.2021) Indonesia Investments released its August 2021 report. This report discusses a range of subjects - related to political developments, the economy and social matters - that occurred in Indonesia in the month of August 2021.
As expected, the trade balance of Indonesia showed a widening surplus in July 2021. According to the latest data that were released by Indonesia’s Statistical Agency (in Indonesian: Badan Pusat Statistik, or BPS), the country’s trade surplus reached USD $2.59 billion in July 2021, nearly doubling from the trade surplus one month earlier.
Starting from November 2020 the manufacturing sector of Indonesia had shown a gradual recovery after the unprecedented collapse in Q2-2020. It proved to be a very superficial recovery.
