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).
Despite the relatively small trade surplus in October 2019, Indonesia still has to cope with a USD $1.79 billion trade deficit in the January-October 2019 period. However, this constitutes a major improvement compared to the USD $5.57 billion deficit that was posted in the first ten months of 2018.
Read the full article in the November 2019 edition of our monthly report. You can purchase the report by sending an email to info@indonesia-investments.com or a WhatsApp message to the following number: +62(0)8788.410.6944
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