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View all search resultstrade-surplus
Business 5 years ago
PREMIUM
Indonesia books first current account surplus since 2011
Indonesia booked a US$1 billion current account surplus in the third quarter, the country’s first surplus since 2011, as imports fell faster than exports due to weak domestic demand amid the coronavirus pandemic, Bank Indonesia (BI) announced Friday.
Business 5 years ago
Indonesia books $1.27b trade surplus in June as economic activity resumes
Indonesia booked a trade surplus of US$1.27 billion in June as both exports and imports rose from the slump recorded in May, signaling growing economic activity as the country and its trading partners have begun to lift COVID-19 restrictions.
Opinion 5 years ago
How COVID-19 impacts Indonesia’s trade
Indonesia’s trade surplus was a result of a sharp decline in imports rather than an increase in exports. Under global lockdowns, it can be expected that imports of aircraft parts and components, boats and yachts, high-end beverages and spirits and silk and luxury goods will drop significantly. This will lower Indonesia’s imports.
