President Jokowi, who is to take up his second five-year term starting in October, said the upcoming lineup of Cabinet ministers has been finalized and is to be announced in the near future.

While the number of ministries would remain the same at 34, several ministries would be given new economy-related tasks, with an aim to improve exports and the current account deficit, which the President said was the country's biggest economic problem at present.

"We will give the task of improving exports to the Foreign Affairs Ministry. The additional function is not political, but for economic diplomacy," Jokowi told a group of chief editors, including The Jakarta Post’s, at the Merdeka Palace in Jakarta on Wednesday.

The Trade Ministry is to be merged with Industry Ministry to focus on domestic trade, he added.

Indonesia’s current account, an important indicator for investors to evaluate a country’s economic health, has been under pressure from weak exports, touching an alarming level of 3.04 percent of Indonesia’s gross domestic product in the second quarter.

Adverse effects of the ongoing United States-China trade war have weakened economies worldwide, dragging down global demand for Indonesian exports. Exacerbating the problem is the intense trade pressure from the European Union’s barriers against Indonesian biodiesel shipments.