Export Performance Indonesia

Rapidly falling exports and imports signal that both global and domestic economic activity decelerates. BPS said Indonesian exports declined 20.98 percent year-on-year (y/y) to USD $12.08 billion in October 2015. This was the steepest fall since August 2012. However, in terms of volume, exports rose by 4.38 percent (y/y). Most commodity prices are still on the decline compared to October last year, with the exception of cacao and corn.

Non-oil & gas exports (particularly ores, metals and ash crust) fell 16.88 percent (y/y) to USD $10.71 billion in October, while the country's oil & gas exports declined 42.83 percent (y/y) to USD $1.38 billion.

Cumulatively, Indonesian exports reached USD $127.22 billion in the first ten months of 2015, down 14 percent from the same period last year.

Import Performance Indonesia

Meanwhile, Indonesia's imports fell by a staggering 27.81 percent (y/y) to USD $11.07 billion in October. Non-oil & gas imports fell 20.78 percent (y/y) to USD $9.31 billion, while the country's oil & gas imports plunged 50.89 percent (y/y) to USD $1.76 billion in October.

Cumulatively, Indonesia's imports stand at USD $119.05 billion in the January-October 2015 period, down 20.47 percent from the same period last year.

Overall, Indonesia's trade balance remains in a surplus (USD $8.16 billion) in the January-October 2015 period.

Trade Balance Indonesia (in USD million):

Discuss