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trade-deficit

Indonesia posts trade deficit in April as exports, imports plunge
Business 5 years ago

Indonesia posts trade deficit in April as exports, imports plunge

Indonesia’s trade balance swung back to a trade deficit of US$350 million in April on the back of falling commodity prices and plummeting global demand amid the COVID-19 pandemic, Statistics Indonesia (BPS) has announced.
COVID-19 pandemic looms over Indonesia’s record-high trade surplus
Business 6 years ago

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COVID-19 pandemic looms over Indonesia’s record-high trade surplus

Indonesian imports from China, its largest trading partner, fell $1.08 billion in February compared to the same period last year.
‘We have many tanks to fill’: Indonesia to make the most out of globally low oil prices
Business 6 years ago

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‘We have many tanks to fill’: Indonesia to make the most out of globally low oil prices

Oil imports, which reached US$1.18 billion in January, up 19.9 percent from the same month last year, are a main contributor to Indonesia’s trade deficit.
Indonesia posts $864m trade deficit in January as oil and gas exports slump
Business 6 years ago

Indonesia posts $864m trade deficit in January as oil and gas exports slump

The country recorded a total of $13.41 billion in exports in January, a 3.71 percent decrease year-on-year (yoy), while total imports fell 4.78 percent yoy to $14.28 billion.
PLN to use LNG in 52 power plants to help reduce oil imports
Business 6 years ago

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PLN to use LNG in 52 power plants to help reduce oil imports

The Energy and Mineral Resources Ministry issued a decree dated Jan. 10 ordering PLN to only use liquefied natural gas (LNG) in 52 power plants.
Indonesia develops Cavendish banana plantations in Blitar to boost exports
Business 6 years ago

Indonesia develops Cavendish banana plantations in Blitar to boost exports

Indonesia currently exports Cavendish bananas to China, Japan, Korea and the Middle East. However, demand from these countries has not been fulfilled because of limited production land.
Improved trade deficit did little for economy, experts say
Business 6 years ago

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Improved trade deficit did little for economy, experts say

Indonesia recorded exports worth a total of US$167.53 billion in 2019 and imports at $170.72 billion, resulting in a $3.2 billion trade deficit.
Trade pressure eases in December as deficit narrows
Business 6 years ago

Trade pressure eases in December as deficit narrows

A US$30 million trade deficit was recorded in December, a stark contrast to the $1.33 billion deficit recorded in November, which was the highest in seven months, according to BPS data.
US-Iran row exposes another threat to the Indonesian economy
Business 6 years ago

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US-Iran row exposes another threat to the Indonesian economy

The heightened tension between the United States and Iran after a US air strike killed influential Iranian general Qasem Soleimani last week will add to the global economic uncertainties, which could further affect Indonesia’s exports, analysts have said.
Indonesia still struggles to reduce trade deficit
Business 6 years ago

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Indonesia still struggles to reduce trade deficit

Last year’s deficit has kept the government on its toes to seek trade deals to open new markets that could eventually boost export demand, authorities said in early 2019.
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