Below is a list with tagged columns and company profiles.

Today's Headlines Trade

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

    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

    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

    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

    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

    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 & Hungary: Bilateral Trade, Investment & Relations

    Indonesia & Hungary: Bilateral Trade, Investment & Relations

    Indonesian President Joko Widodo met Hungarian Prime Minister Viktor Orban in Jakarta on Monday (01/02) to discuss bilateral issues including trade and investment. High on the agenda was the topic of solar power. Reportedly, Hungary plans to invest USD $20 million for the construction of a 5 megawatt (MW) solar power plant in Central Tapanuli (North Sumatra). Other topics included the manufacturing sector, fishery sector, the digital economy, and the promotion of peace and stability.

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  • Indonesia & ASEAN Economic Community (AEC) - Introduction

    Indonesia & ASEAN Economic Community (AEC) - Introduction

    Per 1 January 2016 the ASEAN Economic Community (AEC) came into effect. This community implies stronger cooperation and integration among the ten member countries in Southeast Asia. According to its blue print the AEC involves the launch of a single market and production base among its member nations, hence allowing the free flow of goods, services, investment, and skilled labor as well as the freer flow of capital. Indonesia is one of the member countries.

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  • Indonesia Posts Trade Deficit in December, Surplus in 2015

    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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  • What is the Impact of China’s Economic Slowdown on Indonesia?

    What is the Impact of China’s Economic Slowdown on Indonesia?

    Economic turmoil that has pushed China’s growth to a 25-year low has a direct effect on Indonesia as China is the key trading partner of Indonesia. Concern about China’s economic slowdown (and the impact of this slowdown on the world economy) persist in 2016 as the country's Caixin/Markit manufacturing purchasing managers' index (PMI) contracted for the 10th straight month in December 2015 (at 48.2), while the services reading for December fell to a 17-month low (50.2).

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  • Indonesia Posts Unexpected Trade Deficit in November 2015

    Indonesia Posts Unexpected Trade Deficit in November 2015

    Indonesia posted an unexpected USD $346.4 million trade deficit in November 2015 according to the latest data from Statistics Indonesia (BPS) released on Tuesday (15/12). It was the country's first trade deficit so far in 2015 as exports fell faster - while imports declined slower - than initially estimated. Indonesian exports fell 17.6 percent year-on-year (y/y) to USD $11.16 billion in November, while imports declined by 18.0 percent (y/y) to USD $11.51 billion. Both the oil & gas and the non-oil & gas balances were in deficit.

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Latest Columns Trade

  • Long Awaited Indonesia-Australia Comprehensive Economic Partnership Agreement Signed

    Long Awaited Indonesia-Australia Comprehensive Economic Partnership Agreement Signed

    After nearly nine years of talks and negotiations (although communication between both sides had been put to a halt - amid diplomatic tensions – at more than one occasion over these nine years) Indonesia and Australia finally signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) in Jakarta on 4 March 2019. It is an agreement that launches a brand new chapter in economic relations and cooperation between Australia and Indonesia.

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  • Trade Balance: Small Trade Surplus in September, Start of Recovery?

    Trade Balance: Small Trade Surplus in September, Start of Recovery?

    Based on the latest data from Indonesia’s Statistical Agency (BPS), Indonesia recorded a USD $227.1 million trade surplus in September 2018. Although it is a very small surplus, it did lead to some optimism. After all, Indonesia had recorded big monthly trade deficits of USD $2.0 billion and USD $944.2 million in July 2018 and August 2018, respectively.

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  • Trade Balance Indonesia: USD $1.02 Billion Deficit in August 2018

    Trade Balance Indonesia: USD $1.02 Billion Deficit in August 2018

    Based on the latest data of Indonesia’s Statistics Agency (BPS), Indonesia’s trade deficit was recorded at USD $1.02 billion in August 2018. Although improving from the USD $2.03 billion trade deficit one month earlier (which constituted Indonesia’s biggest monthly trade deficit in five years), the deficit remains robust and therefore causes persistent concerns about the country’s current account deficit and the rupiah exchange rate.

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  • Trade War Kicks Off, Trump also Eyes Tariffs on Indonesian Goods

    Trade War Kicks Off, Trump also Eyes Tariffs on Indonesian Goods

    The big news story today is that US tariffs on USD $34 billion worth of Chinese goods came into effect this morning (06/07). Considering China immediately imposed retaliatory tariffs on US imports, it means we are witnessing the start of the global trade war. There have been major concerns over simmering trade tensions ever since US President Donald Trump announced steep steel and aluminum tariffs back in late-February 2018. Now, however, the trade war has really arrived.

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  • Chinese Premier Li Keqiang's Visit to Indonesia: Trade & Investment

    Chinese Premier Li Keqiang's Visit to Indonesia: Trade & Investment

    Chinese Premier Li Keqiang arrived in Indonesia on Sunday (06/05) for a two-day visit. Part of the visit was a meet up with Indonesian President Joko Widodo (at the Presidential Palace in Bogor) to discuss bilateral trade and investment. Key points on the agenda were the strengthening of trade between both nations and enhanced cooperation on infrastructure development projects in Indonesia, including dams and railways.

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  • Indonesia May File WTO Complaint over Vietnam's Car Import Policy

    Indonesia May File WTO Complaint over Vietnam's Car Import Policy

    Indonesia may file a complaint at the World Trade Organization (WTO) over Vietnam's recent decision to tighten regulations related to car imports. Through Decree No. 116/2017/ND-CP on Overseas Vehicle Type Approval (VTA) (which has been in effect since 1 January 2018), Vietnam requires car exporters to obtain VTA certification first (from authorities in the exporting nation) before being allowed to export cars into Vietnam. This VTA details incoming vehicles' quality, safety and environmental protection.

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  • Norway and Indonesia Talk about Trade & Protectionism

    Norway and Indonesia Talk about Trade & Protectionism

    On Wednesday (18/04) Indonesian Industry Minister Airlangga Hartarto met Norwegian Minister of Fisheries Per Sandberg to discuss trade. In the meeting Hartarto requested easier access for several Indonesian products on the Norwegian market. For example, lower tariffs for textiles and footwear. Meanwhile, Indonesia also wants to keep access to Norway for products that are derived from palm oil. Recently, Norway's parliament voted to ban the public procurement and use of palm oil-based biofuel.

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  • Indonesia Talks Preferential Trade Agreements with African Nations

    Indian Ocean Rim Association (IORA) Summit in Indonesia

    At the Indonesia-Africa Forum (IAF), held on 10-11 April 2018 in Bali, Indonesia agreed to negotiate preferential trade agreements (PTAs) with three African countries: Mozambique, Morocco, and Tunisia. Trade talks are part of a strategy to widen Indonesia's export markets. Considering heightened concerns over global trade as the USA and China - the two biggest trade partners of Indonesia - are implementing tariffs, Indonesia seeks to tap new markets, hence reducing its dependence on traditional export markets thus reducing the impact of US-China related trade turmoil.

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  • World Bank Keeps Favorable Growth Outlook for East Asia & Pacific

    World Bank Keeps Favorable Growth Outlook for East Asia & Pacific

    In the April 2018 edition of its East Asia and Pacific Economic Update, the World Bank is cautiously optimistic about economic growth in developing East Asia and Pacific (EAP). After a better-than-expected global economy in 2017, growth in developing EAP is expected to remain stable in 2018, reflected by solid prospects in Thailand and several commodity exporters, notably Indonesia. Domestic demand is estimated to remain robust in most of the region's economies and continue to underpin growth in 2018 and beyond. However, with economies operating close to their potential, price pressures are expected to rise.

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