• Trade Balance of Indonesia: Despite Declining Non-Oil and Gas Exports, the Trade Surplus Persists

    Trade Balance of Indonesia: Despite Declining Non-Oil and Gas Exports, the Trade Surplus Persists

    Indonesia collected a USD $2.01 billion trade surplus in January 2024, which is the smallest surplus in six months (July 2023) for Southeast Asia’s largest economy. Key reason is that Indonesia’s non-oil and gas exports showed a relatively steep decline compared to non-oil and gas exports in the preceding month and in the same month one year earlier. So, Indonesia’s export performance remains under some pressure.

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  • Indonesia's Next President Will Probably Be Prabowo Subianto

    Based on the quick count results, presidential candidate Prabowo Subianto will win the 2024 presidential election by a comfortable margin. Not only does he enjoy around 57-59 percent of the national votes, but he also seems to control at least 20 percent of the votes in over 20 provinces. This would mean that a second round is not even necessary. Still, we have to wait for the official result that is scheduled to be released on 20 March 2024.

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