Tag: Trade
Below is a list with tagged columns and company profiles.
Today's Headlines Trade
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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 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: 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: Significant Declines in Exports and Imports at the Start of 2022
Last month when we discussed the impressive December 2021 trade performance of Indonesia (when its exports remained strong at near-record high territory, while imports soared to a record high), we ended our article with several ‘things’ to watch:
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Trade Balance of Indonesia: Exports Stayed High, Imports Surged Further in December 2021
On 17 January 2022 Statistics Indonesia (BPS) released the latest trade data of Indonesia. The data show that Indonesian exports remained high (near record-high territory) in December 2021, while imports into Indonesia even managed to set a new all-time record (with a huge jump in imports of raw materials and consumer goods suggesting that economic activity is strong, although this could be a temporary phenomenon in the context of Christmas and New Year festivities).
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Sharp Improvements in Indonesia’s Balance of Payments & Current Account Balance
Over the past decade or so many analysts – including us – have pointed out that the structural deficit in Indonesia’s current account balance is a serious weakness.
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Trade Balance of Indonesia: Export Performance & Trade Surplus Reach All-Time Record Highs
Indonesia’s October 2021 export performance was impressive. Based on the latest data from Statistics Indonesia (Badan Pusat Statistik, BPS), Indonesia exported USD $22.03 billion worth of goods in October 2021, thereby setting a new all-time record high.
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Trade Balance Indonesia: High Palm Oil & Coal Prices Push Exports to Spectacular Level in August
Indonesia’s August 2021 trade balance was quite spectacular with the value of the country’s exports totaling USD $21.42 billion, the highest export figure in ten years.
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Trade Balance of Indonesia: Growing Trade Surplus in July 2021 ‘Thanks’ to Heavily Plunging Imports
As expected, the trade balance of Indonesia showed a widening surplus in July 2021. According to the latest data that were released by Indonesia’s Statistical Agency (in Indonesian: Badan Pusat Statistik, or BPS), the country’s trade surplus reached USD $2.59 billion in July 2021, nearly doubling from the trade surplus one month earlier.
Latest Columns Trade
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New Report of Indonesia Investments Released - 'Return to Uncertainty'
In the second half of September 2022 the Indonesian rupiah experienced some steep depreciating pressures, nearly touching IDR 15,300 per US dollar. It prompted Bank Indonesia to step and intervene in markets to limit the currency’s decline; a step that typically leads to a drop in the country’s foreign exchange reserves.
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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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Indonesian Economy Under Pressure in Q1, Bad Omen for GDP Growth in Remainder of 2020
On 5 May 2020 Statistics Indonesia (Badan Pusat Statistik, BPS), a non-departmental government agency, released the first quarter gross domestic product (GDP) data of Indonesia for the year 2020. These data were highly anticipated as policymakers, analysts, and stakeholders are particularly interested in finding out to what extent damage has been done to the Indonesian economy by the self-imposed restrictions.
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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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Indonesia Trade & Investment Summit; Creating High and Sustainable Growth
On 15 October 2019 the first edition of the ‘Indonesia Trade & Investment Summit’ was held at the Ritz Carlton ballroom at Pacific Place Jakarta in the Sudirman Central Business District (located in South Jakarta).
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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).
Other Tags
- Rupiah (1107)
- Indonesia Stock Exchange (759)
- Inflation (688)
- GDP (646)
- Bank Indonesia (610)
- Federal Reserve (543)
- Jakarta Composite Index (505)
- China (451)
- IHSG (412)
- Infrastructure (407)
Today's Headlines
- Indonesia Ends a Great Trade Year with a USD $3.9 Billion Trade Surplus in December 2022
- The Biodiesel Program of Indonesia; B35 Scheduled to Be Imposed on 1 February 2023
- Consumer Price Index of Indonesia: Higher-Than-Expected Inflation in December 2022
- Economy of Indonesia; Assessing the State of the Indonesian Economy as We Entered a New Year
- Road to Indonesia's 2024 Presidential & Legislative Elections; Campaigning to Kick Off in November 2023