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Berita Hari Ini Import

  • Trade Balance Indonesia: $490 Million Surplus in March 2016

    Indonesia's Statistics Agency (BPS) announced today that the nation's trade balance posted a USD $490 million trade surplus in March 2016. In line with analysts' forecasts, Indonesia's March trade surplus shrank considerably from a USD $1.1 billion surplus one month earlier. Indonesia's March exports reached a total of USD $11.79 billion, while imports were recorded at USD $11.30 billion. Although the nation's exports and imports rose compared to the preceding month, there remains ongoing concern about the slumping export/import figures on a year-on-year basis.

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  • 11th Stimulus Package: Pharmaceutical Industry of Indonesia

    For its raw materials the pharmaceutical industry of Indonesia is highly dependent on imports. Around 90 percent of medicines' raw materials, roughly IDR 7 trillion (approx. USD $526 million), may be imported this year. Meanwhile, given the Indonesian government is eager to develop its universal health care program (launched in 2014), demand for pharmaceutical products in Indonesia is expected to rise further. Total clients under the national health insurance program is expected to rise from 162 million in 2015 to 186 million in 2016. By the year 2019 the government wants to provide universal health care to all Indonesians.

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  • Indonesia's Tanjung Priok Port Needs Feeder Ports in East Jakarta

    Research institution Supply Chain Indonesia, which mainly focuses on logistics matters, requests the government to reevaluate its plan to use three ports in Banten (West Java) to take over some of the workload of Jakarta's Tanjung Priok port, Indonesia's largest seaport. Due to inefficiencies at Tanjung Priok, which handles about two-thirds of Indonesia's total international trade, dwelling time at this seaport is high and this gives rise to port congestion and high logistics costs. The government therefore wants three ports in Banten to support Tanjung Priok's trade activities.

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  • Growing Economic Activity in Indonesia, Higher Current Account Deficit

    Indonesia's current account deficit is expected to rise to USD $26 billion, or 2.6 percent of the nation's gross domestic product (GDP), in 2016. This increase is expected because rising investment and infrastructure development in Indonesia will require more imports from abroad. In 2015 Indonesia's current account deficit was recorded at USD $17.8 billion (2.06 percent of GDP), improving from a USD $27.5 billion deficit (3.09 percent of GDP) in the preceding year (when Indonesia touched a record high current account deficit, and which seriously undermined investors' confidence in the nation's assets).

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  • Trade Balance Indonesia: $1.14 Billion Surplus in February

    Indonesia's trade surplus was better than expected in February 2016. Today, Indonesia's Statistics agency (BPS) announced that the nation's trade surplus was recorded at USD $1.14 billion in the second month of the year, considerably higher compared to the revised USD $10 million surplus Indonesia recorded in the preceding month. Suryamin, Chairman of BPS, said this surplus was the biggest February surplus in the last five years. Another positive sign is that - although continuing to decline in February - the contraction of Indonesia's exports in February occurred at the slowest rate since October 2014.

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  • Trade Indonesia: Exports Resource-Rich East Kalimantan Plunge

    Indonesia's commodity-rich East Kalimantan is one of the worst affected Indonesian provinces in terms of global trade and weak commodity prices. East Kalimantan's export performance is heavily dependent on prices of oil, natural gas and coal. In 2015 the total value of East Kalimantan's exports plunged 30.4 percent year-on-year (y/y) to USD $18.3 billion from USD $26.35 billion in the preceding year. Since 2011 the province's exports have posted a consecutive annual decline in line with the declining trend of commodity prices.

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  • Trade Balance Indonesia: Surplus but Disappointing Imports

    Statistics Indonesia (BPS) announced on Monday (15/02) that Indonesia's trade balance turned back into a (small) surplus in January 2016. In the first month of the year, Indonesia posted a trade surplus of USD $50.6 million, beating analyst forecasts. In the preceding two months the country had to cope with a trade deficit. After the news, Indonesia's currency appreciated markedly against the US dollar. However, on a year-on-year (y/y) basis Indonesia's exports and imports are still significantly down and there remains much cause for concern.

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  • Indonesia's Current Account Deficit Data Released - Quick Walkthrough

    The central bank of Indonesia (Bank Indonesia) announced on Friday (12/02) that Indonesia's current account deficit widened to 2.39 percent of the country's gross domestic product (GDP), or USD $5.1 billion, in the fourth quarter of 2015 from a deficit of 1.94 percent of GDP (USD $4.2 billion) in the preceding quarter. This increase was due to a decline in the non-oil & gas trade balance surplus as non-oil & gas imports grew 7.5 percent (q/q) amid higher domestic demand amid accelerating economic growth in the last quarter of 2015.

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  • Indonesia Posts Trade Deficit in December, Surplus in 2015

    Indonesia posted a trade deficit of USD $230 million in December 2015 as imports (USD $12.12 billion) exceeded exports (USD $11.89 billion), the second monthly trade deficit in 2015. Overall, the country's trade balance shows a surplus of USD $7.51 billion in 2015, significantly improving from the USD $2.2 billion trade deficit in the preceding year. But despite posting a good trade surplus in full-year 2015, a closer look at the data still reveals weak global and domestic conditions.

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  • Indonesia Expected to See Sugar Deficit in 2016

    Indonesia is forced to import sugar as domestic production of white crystal sugar in 2015 failed to achieve the target of 2.7 million tons. Indonesia's sugar processing plants only managed to produce 2.5 million tons of white crystal sugar in 2015. The Indonesian Sugar Association (AGI) predicts a widening sugar deficit in 2016 as it sees domestic production slowing further to 2.3 million tons in 2016, implying that about 400,000 tons of sugar need to be imported in order to meet domestic demand.

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Artikel Terbaru Import

  • Trade Balance of Indonesia Improved in 2014

    The trade balance of Indonesia improved in 2014. Over the whole year of 2014 Indonesia posted a USD $1.88 billion trade deficit, significantly better than the USD $4.08 billion deficit it recorded a year earlier. Today (02/02), Statistics Indonesia announced that Indonesia posted a USD $0.19 billion trade surplus in the last month of the year after having recorded a USD $0.42 billion trade deficit in the preceding month. The improved performance is mainly due to the country’s growing non-oil & gas surplus and narrowing oil & gas deficit.

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  • Import Identification Number (API) Indonesia - Overview

    An Import Identification Number (API) is required in case a company wishes to import goods into Indonesian territory. Without such number a company is not allowed to perform any import activities. Minister of Trade Regulation number 27/M-DAG/PER/5/2012 regarding Provisions on Importer Identification Number (API) as amended by Minister of Trade Regulation number 59/M-DAG/PER/9/2012 (Trade Regulation) regulates the types of API based on the intended use for the product imported.

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  • Analysis of Indonesia’s Dec Inflation and Nov Trade Balance

    Indonesia’s inflation pace accelerated in December 2014, exceeding estimations of analysts and Indonesia’s central bank. December inflation, 2.46 percent (m/m) or 8.36 percent (y/y), accelerated due to the impact of higher subsidized fuel prices (introduced in November) and volatile food prices (fluctuating rice and chili prices at the year-end). Other factors that contributed to high inflation in 2014 were higher electricity tariffs for households and industries, the higher price of 12 kg LPG, and an airfare adjustment.

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  • Update Indonesian Economy: Inflation, Trade Balance & Manufacturing

    Indonesia’s inflation reached 2.46 percent month-to-month (m/m) in December 2014 due to the impact of higher subsidized fuel prices implemented on 18 November 2014. On a year-on-year (y/y) basis, Indonesia’s inflation was recorded at 8.36 percent, slightly lower than the result in 2013 (8.38 percent). Inflation has been high in 2013 and 2014 as the Indonesian government raised prices of subsidized fuels in both years in an attempt to relieve fiscal pressures brought about by costly oil imports.

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  • Trade Balance Update Indonesia: $20 Million Surplus in October 2014

    After having recorded a trade deficit for several months, Indonesia finally posted a USD $20 million trade surplus in October 2014, according to data from the country’s Central Statistics Agency (BPS) released on Monday (01/12). Exports in October amounted to USD $15.35 billion, while imports were recorded at USD $15.33 billion. The improvement in Indonesia’s trade balance was mainly on the back of growth in the country’s non-oil & gas sector exports. This sector saw a surplus of USD $1.13 billion (up from USD $760 million in September).

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  • Current Account Balance Indonesia: Deficit of 3.07% of GDP in Q3-2014

    The current account deficit of Indonesia eased to USD $6.84 billion, or 3.07 percent of the country’s gross domestic product (GDP) in the third quarter of 2014 (down from USD $8.69 billion, or 4.07 percent of GDP in the previous quarter). This improvement was mainly supported by a solid surplus in the country’s non-oil & gas sector, partly the result of the US economic recovery as well as resumed copper concentrate exports by Freeport Indonesia and Newmont Nusa Tenggara (after successful mining contract renegotiations).

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  • Bank Indonesia Press Release: Key Interest Rate Kept at 7.50%

    Bank Indonesia decided to hold the key interest rate (BI rate) at 7.50 percent in October, with the Lending Facility and Deposit Facility rates kept at 7.50 percent and 5.75 percent, respectively. This level is expected to help control inflation at 4.5±1 percent in 2014 and 4.0±1 percent in 2015, as well as to reduce the current account deficit to a more sustainable level. Despite stable domestic conditions, Bank Indonesia sees risks: contagion risk stemming from US monetary tightening and possible higher subsidized fuel prices.

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  • Bank Indonesia Press Release: Trade Balance and Inflation Update

    The central bank of Indonesia (Bank Indonesia) released a press statement on Wednesday evening (01/10) in which it set out its view on the country’s trade balance and inflation after the latest economic data had been released by Statistics Indonesia (abbreviated BPS) earlier on the day. Based on information of BPS, Indonesia’s September inflation was relatively low at 0.27 percent month-to-month (m/m), while the August trade balance swung back into a deficit at USD $318.1 million.

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  • Analysis of Indonesia’s Current Account Deficit: Search for Fiscal Stability

    Governor of the central bank of Indonesia (Bank Indonesia), Agus Martowardojo, commented on Indonesia’s troubled current account balance on Tuesday (12/08). Martowardojo said that he expects the balance to improve in 2014. Last year, the current account deficit of Southeast Asia’s largest economy reached 3.3 percent of gross domestic product (GDP); a level which is generally regarded as unsustainable. This year, the deficit may ease to 3 percent of GDP. For investors the current account balance is an important matter. Why?

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  • Indonesia Market Update: June Trade Balance and July Inflation

    According to Statistics Indonesia (BPS), the country’s trade balance in June 2014 recorded a deficit of USD $0.30 billion after the USD $0.05 billion surplus in the previous month. The performance of Indonesia’s trade balance was influenced by shrinkage of the country’s non-oil & gas surplus amid a lower oil & gas deficit compared to May 2014. Meanwhile, inflation was up 0.93 percent (month-to-month) in July 2014; a good performance amid the Ramadan and Idul Fitri festivities. Annual inflation eased to 4.53 percent (year-on-year).

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