Below is a list with tagged columns and company profiles.

Today's Headlines Trade Balance

  • Trade Balance of Indonesia Swings Back into a Surplus in October 2019

    Trade Balance of Indonesia Swings Back into a Surplus in October 2019

    Indonesia’s trade balance swung back into a surplus in October 2019. Statistics Indonesia (BPS), which released the country’s latest trade data on 15 November 2019, reported a USD $161 million trade surplus for Indonesia in October. It is an improvement from the USD $164 million trade deficit the country had experienced in the preceding month, and a huge improvement from the USD $1.76 billion trade deficit in the same month one year earlier (October 2018).

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  • Trade Balance of Indonesia Swings Back into Deficit in July 2019

    Trade Balance of Indonesia Swings Back into Deficit in July 2019

    Indonesia’s trade balance swung back into a deficit in July 2019 as the country’s exports could not compensate for its imports. However, at USD $63 million, the monthly deficit is not too big (compared to the USD $2.3 billion and USD $1.1 billion deficits that were recorded in April and January, respectively).

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  • Monetary Policy Central Bank: Bank Indonesia's Decisions at the June Meeting

    Monetary Policy Central Bank: Bank Indonesia's Decisions at the June Meeting

    In line with expectations, the central bank of Indonesia (Bank Indonesia) decided to leave its benchmark interest rate – the BI 7-Day Reverse Repo Rate – unchanged at 6.00 percent, while also maintaining its deposit facility and lending facility rates at 5.25 percent and 6.75 percent, respectively, at the two-day monthly monetary policy meeting that was held on 19 and 20 June 2019.

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  • Trade Balance Indonesia: Second Consecutive Monthly Surplus in March

    Trade Balance Indonesia: Second Consecutive Monthly Surplus in March

    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.

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  • Current Account Remains Indonesia's Achilles' Heel; Trade Balance Concerns Persist

    Current Account Remains Indonesia's Achilles' Heel; Trade Balance Concerns Persist

    Indonesia’s current account deficit widened to USD $31.1 billion, equivalent to 2.98 percent of the country’s gross domestic product (GDP), in full-year 2018. It is a big deterioration compared to the USD $17.29 billion deficit (1.7 percent of GDP) in the preceding year. It means the current account balance remains the Achilles’ heel of the Indonesian economy, one that – potentially - triggers rapid and large capital outflows in times of global economic turmoil.

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Latest Columns Trade Balance

  • High July Trade Deficit Causes Indonesia's Stock Index to Fall 2.23%

    Indonesia's benchmark stock index (IHSG) went down 2.23 percent on Monday (02/09) after Statistics Indonesia (BPS) released a number of macroeconomic data. The country's inflation pace increased to 8.79 percent year-on-year, while it posted a record monthly trade deficit in July 2013 (USD $2.31 billion). Investors have been highly concerned about the development of Indonesia's current account deficit and after it became known that the figure was high in July, the IHSG quickly lost value.

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  • Indonesian Government Develops Palm Oil Based Biodiesel to Curb Oil Import

    In order to curb imports of oil, the government of Indonesia intends to stimulate the production of crude palm oil-based biofuel by increasing the mandatory content of fatty acid methyl ester (which is made from palm oil) in biodiesel products from 7.5 percent to 10 percent. Through this policy, the government claims to be able to save up to USD $3 billion as it needs less fuel imports. Fuel imports totaled USD $5.8 billion in the first six months of 2013 and form a major cause for the USD $9.8 billion current account deficit in Q2-2013.

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  • Current Account Deficit of Indonesia Expected to Ease to 2.5% of GDP

    Indonesia's current account deficit, which caused much alarm among the investor community, is expected to ease to about 2.5 percent of gross domestic product (GDP) in the second half of 2013. This assumption is supported by Indonesia's central bank and various analysts. The country's current account deficit reached USD $9.8 billion or 4.4 percent of GDP in Q2-2013. In combination with the weakening rupiah, higher inflation and the possible end to the Federal Reserve's quantitative easing program, investors have been pulling money out of Indonesia.

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  • Despite Government's 'Rescue Package' IHSG and Rupiah Weaken

    Today's release of the economic rescue package was not able to put Indonesia's main stock index (IHSG) into green territory. Also, the Indonesian rupiah maintained its losing streak. The IHSG fell 0.04 percent to 4,169.83 points. Interestingly enough, the IHSG was rising previous to the release of the package. After the release, however, it started to weaken slightly, which seems to indicate that market participants were a bit disappointed with the contents of the package as it contained no quick fixes to the economy.

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  • Why Did Indonesia's Main Stock Index (IHSG) Fall on Monday?

    Why Did Indonesia's Main Stock Index (IHSG) Fall on Monday?

    Analysts expect that Indonesia's benchmark stock index (IHSG) will end mixed today (20/08) after yesterday's large plunge amid heavy market concerns. Yesterday, the index dropped 5.58 percent to 4,313.52 points, the lowest since October 2011. Indonesia posted a current account deficit in the second quarter of 2013, while Thailand entered into a recession. The MSCI Emerging Market index¹, which includes both countries, fell 1.4 percent to a six-week low. Below a short overview of factors that caused negative sentiments on Indonesia's market.

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  • Indonesia's Main Stock Index (IHSG): the Ship that is Rocked by a Storm

    For several weeks now, Indonesia's main stock index (IHSG) has been experiencing a sharp correction. As I wrote in my previous columns, market participants have been waiting for several important macro economic data, to wit Indonesia's economic growth figure for the second quarter of 2013, the July 2013 inflation rate, and the country's trade balance statistics for the first six months of this year. Now all above results have been released, we can analyze further the impact of these macroeconomic results as well as investors' reaction to it.

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  • Indonesia's Foreign Exchange Reserves Fall, Current Account Deficit Grows

    The foreign exchange reserves of Indonesia keep on falling from its historical peak of USD $124.64 billion in August 2011 to USD $92.67 billion at the end of July 2013. This development seems to highlight long-standing weaknesses in Indonesia's sovereign's external finances, as credit agency Fitch Ratings detected on several occasions before. The republic of Indonesia is currently characterized by four deficits, to wit a current account deficit, a balance of payments deficit, a trade balance deficit and a fiscal deficit.

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  • Facing Higher Inflation: Indonesia's Stock Market under Pressure

    Last week (22-26 July 2013), Indonesia's main stock index (IHSG) ended 1.39 percent down at 4,658.87. The daily value of transactions on the regular market narrowed to an average of IDR 3 trillion (USD $300 million) from IDR 3.84 trillion in the previous week. Foreigners still recorded net sales amounting to IDR 92.9 billion (USD $9.3 million). Lack of positive sentiments, financial results of companies that were below expectation and the continued weakening of the rupiah against the US dollar resulted in the decline of the index.

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  • Indonesia's Main Stock Index (IHSG) Continues its Fall on Tuesday

    For three consecutive days, Indonesia's main stock index (IHSG) had to cope with significant losses. On Tuesday (11/06), the index fell 3.50 percent to 4,609.95 points, considerably below its record high level of 5,214 on 20 May 2013. Foreign investors recorded a net sell of IDR 3.98 trillion (USD $406.1 million) as domestic conditions in Indonesia are unstable. Moreover, investors are concerned about governments (USA and Japan) that want to slow down their stimulus programs as various economic data are showing positive outcomes.

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  • Indonesia's Main Stock Index (IHSG) Continues its Volatile Performance

    Indonesia's main stock index (IHSG) was mixed on Tuesday's trading day (04/06) as negative market sentiments were still felt after yesterday's tumble (inflicted by Indonesia's April trade deficit). Foreigners continued to sell parts of their Indonesian stock portfolios causing the index to fall below the psychological boundary of 5,000 points, which also meant that it went into oversold territory. But the rise of the Yen, thus supporting Asian indices, in combination with positive openings in Europe made the IHSG rise in the end.

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