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Latest Reports Trade
Indonesia recorded a big trade surplus in May 2020. Based on the latest data from Indonesia’s Statistical Agency (BPS), the country posted a trade surplus worth USD $2.09 billion in May 2020, one of the highest monthly surpluses in recent years. But is it reason to become excited?
After two months of trade surpluses in February and March 2020, Indonesia’s trade balance swung back to a deficit in the following month. According to the latest data from Statistics Indonesia (BPS), Indonesia experienced a USD $344.7 million trade deficit in April 2020.
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.
Amid the novel coronavirus (COVID-19) crisis, Indonesia managed to post a strong trade surplus in February 2020. Based on the latest data released by Statistics Indonesia (BPS), Indonesia recorded a USD $2.33 trade surplus. It was the largest monthly trade surplus for Southeast Asia’s largest economy since September 2011.
The trade balance of Indonesia showed a relatively small deficit in the last month of 2019. Based on the latest data from Statistics Indonesia (Badan Pusat Statistik, or BPS), a USD $28.2 million trade deficit was recorded in December 2019, much smaller than analysts had predicted.
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).
On Tuesday 15 October 2019 the Indonesia Trade Investment Summit will be held in the Ritz-Carlton Hotel (Pacific Place) in Jakarta. This high-profile event focuses on the development of investment and trade, including strategies, targets and challenges.
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).
In this month’s edition we decided to zoom in on economic relations between Switzerland and Indonesia, two countries that are both blessed with natural beauty. Although a quick look at the available data shows that trade and investment flows between both nations are quite small, we detected quite a lot of interesting activity in recent years that could – and should – lead to a boost in investment and trade between both countries.
For the first time in several years, Indonesia Investments decided that it had to adjust its outlook for Indonesia’s economic growth. Since 2016, Indonesia’s modestly accelerating economic growth rate had been fully in line with our estimates.
Latest Columns Trade
The central bank of Indonesia (Bank Indonesia, or BI) decided to maintain its record low policy rate for the 15th straight month at 5.75 percent as it is considered consistent with its inflation target range of 3.5-5.5 percent in 2013 and 2014. The central bank also stated that the global economic recovery is accompanied by many uncertainties which result in a lower forecast for Indonesia's economic growth. The full press release of Bank Indonesia can be read below.
