Indonesia Trade Balance June 2014: Recording a USD $300 Million Deficit
The trade balance of Indonesia swung back into a deficit in June 2014. According to data from Statistics Indonesia (BPS), published on Monday (04/08), the country’s trade deficit amounted to USD $300 million in June. Indonesian exports grew 4.45 percent (year on year) to USD $15.42 billion, while Indonesian imports increased 1.83 percent (year on year) to USD $15.72 billion. This year so far (the January to June period), Southeast Asia’s largest economy has to cope with a USD $1.15 billion trade deficit.
As usual, the country’s oil & gas sector recorded a USD $600 million deficit in June 2014, while the non-oil & gas sector showed a USD $300 million surplus.
Indonesia Balance of Trade (in USD million):