Tag: Import
Below is a list with tagged columns and company profiles.
Latest Reports Import
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Trade Balance of Indonesia: Another Wide Trade Surplus, But Exports and Imports Fall in April 2024
Indonesia enjoyed another great USD $3.56 billion trade surplus in April 2024. But unfortunately the nation’s exports and imports both dropped on a month-on-month (m/m) basis. However, that was in line with our expectations as trade was disrupted by the end of the Ramadan month and the subsequent Idul Fitri celebrations (which meant a week-long holiday for Indonesia).
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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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Trade Balance of Indonesia: Relatively Small Trade Surplus in November 2023 as Exports Decline
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Trade Balance Indonesia: Widening Trade Surplus in August 2023 Thanks to Growing Exports, Sliding Imports
Indonesia posted a strong USD $3.12 billion trade surplus in August 2023. It is the 40th consecutive month of trade surpluses for Southeast Asia’s biggest economy, an indication that global commodity prices (particularly coal and palm oil, which are the key non-oil and gas export items of Indonesia) remain at lucrative levels.
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Trade Balance of Indonesia: Exports Remained Subdued, Imports Rebounded in July 2023
In July 2023 we saw a relatively modest trade surplus for Indonesia at USD $1.31 billion, down heavily from USD $3.45 billion in the previous month when it was the weak import performance that allowed Southeast Asia’s largest economy to enjoy a wide trade surplus.
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Trade Balance of Indonesia: the Big Decline in Imports Allows another Trade Surplus in June 2023
Last month, we were bracing for the first (monthly) trade deficit of Indonesia since April 2020 amid declining exports (in line with normalizing global commodity prices and subdued global economic growth) and elevated imports. However, this trade deficit didn’t arrive.
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Trade Balance: As Expected, a Big Decline in Indonesian Exports and Imports in April 2023
On 15 May 2023 Indonesia’s Statistical Agency (BPS) released the latest trade data of Indonesia. As expected, we saw a heavy decline in Indonesia’s export and import performance in April 2023. But, because imports plunged heavier than exports, it also meant Indonesia could enjoy a comfortable USD $3.94 billion trade surplus.
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Indonesia Ends a Great Trade Year with a USD $3.9 Billion Trade Surplus in December 2022
In mid-January 2023 Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) released Indonesia’s December 2022 trade data, implying we now also have a clear view of the country’s trade performance in full-2022.
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Trade Balance of Indonesia: the Continuation of Modestly Sliding Imports and Exports
Over the past two (or three) months we have emphasized that it is worth following Indonesia’s trade performance in the last quarter of 2022 (Q4-2022) as these export and import data should give some clues whether the world (and Indonesia) is bound to experience an economic hiccup at the beginning of 2023.
Latest Columns Import
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Economic Update Indonesia: Indonesian Economy Expands at a Rate of 5.03% (Y/Y) in Q1-2023
On 5 May 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS) released the latest official Gross Domestic Product (GDP) data of Indonesia. BPS announced that the Indonesian economy expanded by 5.03 percent year-on-year (y/y) in Q1-2023, a good result that is in line with our expectations.
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Indonesia’s Trade Performance Continues to Slide in February 2023; Imports Particularly Plunge Heavily
Last month we warned that Indonesia’s trade performance could easily continue to contract in February 2023, thereby continuing the trend we have seen since August 2022. Moreover, February is a short month, and therefore it typically has trouble to compete with other months in terms of trade activity.
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Trade Balance Indonesia: Exports Soar Thanks to Coal & Palm Oil Shipments, Imports Rebound
Both Indonesia’s export and import performance was quite amazing in March 2022. While we expected imports to rebound ahead of the start of the Ramadan month (on 1 April 2022), a month that typically gives rise to a big increase in consumption, we did underestimate Indonesia’s export performance in last month’s forecast.
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Indonesia Aims to Ratify the RCEP Trade Agreement in Q1-2022
In January 2022 Indonesian Minister for Coordinating Economic Affairs Airlangga Hartarto said the Indonesian government aims to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement in the first quarter of 2022. Just like the Philippines and Myanmar, Indonesia is still to ratify the RCEP even though this agreement already took effect per 1 January 2022.
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Trade Balance of Indonesia: Export Performance Remains Strong; Import Performance a Bit Volatile
According to the latest data from Statistics Indonesia (Badan Pusat Statistik, or BPS), Indonesia posted a USD $4.37 billion trade surplus in September 2021. It is a slightly lower surplus compared to the previous month (when Indonesia posted its highest ever monthly trade surplus), but remains one of the highest surpluses in the history of Indonesia.
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Indonesia Records Big Trade Surplus in July 2020, Current Account Deficit Eases
Indonesia recorded another big trade surplus in July 2020. Based on the latest data from Indonesia’s Statistical Agency (BPS), the country's trade surplus reached USD $3.26 billion in July 2020, a huge improvement from the USD $280.1 million deficit it recorded in the same month one year earlier.
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Trade Balance Indonesia; Exports and Imports in June 2020 Rebound
For the second consecutive month Indonesia recorded a big trade surplus. According to the latest data from Indonesia’s Statistical Agency (BPS), the country posted a USD $1.27 billion trade surplus in June 2020.
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Trade Balance of Indonesia Records a US $864 Million Deficit in January 2020
In line with estimates, Indonesia’s trade balance showed another deficit in January 2020. Based on the latest data from Statistics Indonesia (Badan Pusat Statistik, or BPS), a USD $864.2 million trade deficit was recorded in the first month of the year.
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Rapidly Developing E-Commerce Sector Changes the Traditional Way of Doing Business in Indonesia
E-commerce – which refers to the activity of electronically buying (or selling) products through online services or over the Internet – has been developing rapidly in Indonesia over the past decade. More and more Indonesians have started to shop online, forcing many offline retail players to adapt and innovate their business models in order to survive in this new and challenging environment where two newcomers, both tech startups and both e-commerce platforms, have developed into a unicorn (Tokopedia and Bukalapak) which is a startup that is valued above USD $1 billion.
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Trade Balance Swings Back into a Surplus in August; Exports Down But Imports Fell Deeper
While many are relieved to see a trade surplus for Indonesia in August 2019, the picture does not look too positive when we delve a bit deeper in the data, and shows that global conditions are far from positive amid contracting international trade and subdued global economic growth (with ongoing tariff tensions between the United States and China being a key issue).
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Latest Reports
- Poverty and Income Distribution Inequality in Indonesia – Analysis and Statistics
- Consumer Price Index: June 2024 Brings 2nd Consecutive Month of Deflation to Indonesia
- What Do the Latest Economic Data Tell Us about Indonesia’s Economic Growth in Q2-2024?
- Indonesia Investments Releases June 2024 Report: 'Musk's Starlink in Indonesia'
- Trade Balance of Indonesia: Exports and Imports Experience the Seasonal Rebound in May 2024