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  • Indonesia Investments' Subscriber Update - Trade Balance October 2020

    Based on the latest data from Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS), which were released on 16 November 2020, Indonesia recorded an impressive USD $3.61 billion trade surplus in October 2020. The surplus is at a level we had not seen since the final stages of the 2000s commodities boom (late-2011 to be exact).

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  • Trade Balance of Indonesia: Trade with China Comes on Steam Again After Lockdown Ends

    Last month we basically came to the conclusion that the novel coronavirus (COVID-19) crisis has a direct (short-term) positive effect on Indonesia’s trade performance (although the longer term consequences are clearly negative) as Indonesia managed to boost exports (possibly because it filled the gap left by China’s lockdown), while imports into Indonesia fell markedly (partly because of the lower need for inputs for export-oriented output), thus leading to a comfortable trade surplus.

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  • 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

    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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  • Trade Balance Indonesia: Bouncing Back to a Surplus in May but Outlook Remains Gloomy

    After the massive USD $2.29 billion trade deficit in April 2019 (which was the biggest monthly trade deficit in six years), Indonesia managed to turn the balance into a USD $206.7 million surplus in May 2019. Albeit small, Indonesian policymakers must have been relieved seeing the surplus as previously there were mixed opinions whether Indonesia would record a surplus or deficit in May.

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  • Indonesia-Chile CEPA to Come into Effect in August 2019

    On 11 June 2019, Indonesian Trade Minister Enggartiasto Lukita met Chilean Vice-Minister of Trade Rodrigo Yanez Benitez to exchange an instrument of ratification of the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA). The IC-CEPA, Indonesia’s first trade agreement with a Latin American country, is set to come into effect on 10 August 2019.

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