Indonesia Investments Report - January 2021 Edition: COVID-19 Crisis to Linger On?
Update COVID-19 in Indonesia: 1,298,608 confirmed infections, 35,014 deaths (23 February 2021)
23 February 2021 (closed)
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%
Jakarta Composite Index (6,272.81) +17.50 +0.28%
Trade Balance of Indonesia: Surplus of USD $69.9 Million in May 2014
After a worrying trade deficit of USD $1.96 billion in April 2014, the trade balance of Indonesia swung back into a surplus in May 2014. On Tuesday (01/07), Indonesia’s Central Statistics Agency (BPS) announced that the May trade surplus was USD $69.9 million. The country’s exports rose 3.73 percent (month-on-month) to USD $14.83 billion, while imports fell 9.23 percent (month-on-month) to USD $14.76 billion in May. However, in the first five months of 2014 Indonesia still recorded a trade deficit of USD $0.82 billion.
Later today, Indonesia Investments will upload an analysis of Indonesia’s May 2014 trade balance.
Indonesia Balance of Trade (in USD million):
Meanwhile, Bank Indonesia's benchmark rupiah exchange rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) appreciated sharply on Tuesday. The central bank’s mid-rate appreciated 1.43 percent to IDR 11,798 per US dollar.
US Dollar to Indonesian Rupiah:
| Source: Bank Indonesia
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