Update COVID-19 in Indonesia: 4,223,094 confirmed infections, 142,413 deaths (06 October 2021)
26 October 2021 (closed)
Jakarta Composite Index (6,656.94) +31.24 +0.47%
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%
It was a welcome surprise to see Indonesia recording a trade surplus of USD $540.2 million in March 2019, extending the monthly trade surplus to two (straight) months, which is something we had not seen in more than a year. However, when we take a look at the first quarter of 2019, then Indonesia’s overall trade balance still shows a deficit of USD $193.4 million.
And when we take a closer look at the latest export and import data, then there remains room for concern, specifically about the international environment. Indonesian oil and gas exports fell 18.3 percent year-on-year (y/y) to USD $1.09 billion in March 2019 (from USD $1.34 billion in March 2018), while Indonesia’s non-oil and gas exports fell 9.2 percent (y/y) to USD $12.93 billion (from USD $14.25 billion in March 2018). Declining exports indicate that the international environment remains very challenging amid subdued global economic growth and the United States-China tariffs.
This article discusses the following:
• Update on Indonesia's March 2019 trade balance (exports and imports)
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