Tag: Import
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Berita Hari Ini Import
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Trade Balance of Indonesia: the Big Decline in Imports Allows another Trade Surplus in June 2023
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Trade Balance: As Expected, a Big Decline in Indonesian Exports and Imports in April 2023
On 15 May 2023 Indonesia’s Statistical Agency (BPS) released the latest trade data of Indonesia. As expected, we saw a heavy decline in Indonesia’s export and import performance in April 2023. But, because imports plunged heavier than exports, it also meant Indonesia could enjoy a comfortable USD $3.94 billion trade surplus.
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Indonesia Ends a Great Trade Year with a USD $3.9 Billion Trade Surplus in December 2022
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Trade Balance of Indonesia: the Continuation of Modestly Sliding Imports and Exports
Over the past two (or three) months we have emphasized that it is worth following Indonesia’s trade performance in the last quarter of 2022 (Q4-2022) as these export and import data should give some clues whether the world (and Indonesia) is bound to experience an economic hiccup at the beginning of 2023.
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Trade Balance of Indonesia: Exports Largely Unchanged; Small Drop in Imports in October 2022
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Trade Balance of Indonesia; Exports Soared While Imports Rose Modestly in August 2022
Indonesia’s export performance was impressive in August 2022, touching a new all-time record level of USD $27.91 billion. It was particularly the strong rebound in the value of refined palm oil shipments that pushed Indonesian exports higher. Imports into Indonesia also increased, albeit at a much slower pace, which especially came on the back of sharp growth in imports of capital goods.
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Trade Balance of Indonesia; Exports Decline Modestly, Imports Increase Modestly in July 2022
In line with our forecast, Indonesian exports to overseas markets declined mildly in July 2022 (compared to the previous month). However, unlike last month’s forecast, imports into Indonesia expanded mildly over the same period.
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Trade Balance of Indonesia: Strong Rebound in Exports & Imports in June 2022
As expected, Indonesia’s trade performance rebounded strongly in June 2022. This was certainly not a surprise considering the country’s exports had been held back significantly in May 2022 because of the government’s palm oil export ban that was imposed between 28 April 2022 and 23 May 2022 (in an effort to stabilize domestic cooking oil prices).
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Trade Balance of Indonesia: Impact of Palm Oil Export Ban Felt Heavily in May 2022
As expected, Indonesia’s export performance was heavily disrupted by the palm oil export ban (that was imposed by the Indonesian government between 28 April and 23 May 2022 to stabilize the domestic cooking oil prices). Compared to the previous month, exports of animal/vegetable fats and oils (which include palm oil products) tumbled by a whopping USD $2.1 billion in May 2022.
Artikel Terbaru Import
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Economic Update Indonesia: Indonesian Economy Expands at a Rate of 5.03% (Y/Y) in Q1-2023
On 5 May 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS) released the latest official Gross Domestic Product (GDP) data of Indonesia. BPS announced that the Indonesian economy expanded by 5.03 percent year-on-year (y/y) in Q1-2023, a good result that is in line with our expectations.
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Indonesia’s Trade Performance Continues to Slide in February 2023; Imports Particularly Plunge Heavily
Last month we warned that Indonesia’s trade performance could easily continue to contract in February 2023, thereby continuing the trend we have seen since August 2022. Moreover, February is a short month, and therefore it typically has trouble to compete with other months in terms of trade activity.
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Trade Balance Indonesia: Exports Soar Thanks to Coal & Palm Oil Shipments, Imports Rebound
Both Indonesia’s export and import performance was quite amazing in March 2022. While we expected imports to rebound ahead of the start of the Ramadan month (on 1 April 2022), a month that typically gives rise to a big increase in consumption, we did underestimate Indonesia’s export performance in last month’s forecast.
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Indonesia Aims to Ratify the RCEP Trade Agreement in Q1-2022
In January 2022 Indonesian Minister for Coordinating Economic Affairs Airlangga Hartarto said the Indonesian government aims to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement in the first quarter of 2022. Just like the Philippines and Myanmar, Indonesia is still to ratify the RCEP even though this agreement already took effect per 1 January 2022.
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Trade Balance of Indonesia: Export Performance Remains Strong; Import Performance a Bit Volatile
According to the latest data from Statistics Indonesia (Badan Pusat Statistik, or BPS), Indonesia posted a USD $4.37 billion trade surplus in September 2021. It is a slightly lower surplus compared to the previous month (when Indonesia posted its highest ever monthly trade surplus), but remains one of the highest surpluses in the history of Indonesia.
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Indonesia Records Big Trade Surplus in July 2020, Current Account Deficit Eases
Indonesia recorded another big trade surplus in July 2020. Based on the latest data from Indonesia’s Statistical Agency (BPS), the country's trade surplus reached USD $3.26 billion in July 2020, a huge improvement from the USD $280.1 million deficit it recorded in the same month one year earlier.
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Trade Balance Indonesia; Exports and Imports in June 2020 Rebound
For the second consecutive month Indonesia recorded a big trade surplus. According to the latest data from Indonesia’s Statistical Agency (BPS), the country posted a USD $1.27 billion trade surplus in June 2020.
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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.
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Rapidly Developing E-Commerce Sector Changes the Traditional Way of Doing Business in Indonesia
E-commerce – which refers to the activity of electronically buying (or selling) products through online services or over the Internet – has been developing rapidly in Indonesia over the past decade. More and more Indonesians have started to shop online, forcing many offline retail players to adapt and innovate their business models in order to survive in this new and challenging environment where two newcomers, both tech startups and both e-commerce platforms, have developed into a unicorn (Tokopedia and Bukalapak) which is a startup that is valued above USD $1 billion.
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Trade Balance Swings Back into a Surplus in August; Exports Down But Imports Fell Deeper
While many are relieved to see a trade surplus for Indonesia in August 2019, the picture does not look too positive when we delve a bit deeper in the data, and shows that global conditions are far from positive amid contracting international trade and subdued global economic growth (with ongoing tariff tensions between the United States and China being a key issue).
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Berita Hari Ini
- Logistics Sector of Indonesia; Dropping in the World Bank’s Performance Index
- Trade Balance of Indonesia: Exports Remained Subdued, Imports Rebounded in July 2023
- Consumer Price Index of Indonesia: Mild Deflation, Yet Annual Inflation Accelerates in August 2023
- New Report Out: Indonesia Investments Released Its August 2023 Edition
- Economic Update Indonesia: Indonesian Economy Expands by 5.17% (Y/Y) in Q2-2023