Sign up | Log in



Home  >>   Daily News  >>ฺIndonesia>>Economy>> August trade balance indicates recovery of domestic economy
NEWS UPDATES Asean Affairs     September  19,  2016  

August trade balance indicates recovery of domestic economy

Bank Indonesia says a lower surplus in August's trade balance was driven by a decline of the surplus in the non-oil and gas trade balance and an increase of the deficit in the trade of oil and gas, but the central band says that this nevertheless shows an improvement in the domestic economy because of rising imports of raw materials and capital goods.

Indonesia recorded a US$293.6-million surplus in its August trade balance with $12.63 billion in exports and $12.34 billion in imports. The surplus slightly decreased from the July figure, which stood at $598.3 million, as the country saw higher growth in imports than in exports.

The non-oil trade balance in August recorded a surplus of about US$920 million, lower than in the previous month, which amounted to $1.02 billion. The decline was driven by a 40.9 percent month-on-month (mom) increase in non-oil and gas imports that exceeded the increase in exports, which were up by 34.8 percent mom.

The increase in non-oil imports, among other things, was driven by the increased imports of raw materials and capital goods, such as machinery, mechanical equipment, electrical equipment, plastics and plastic goods, vehicles and parts.

"This gives an indication of the improvement in domestic economic activity," the director of BI's communications department, Arbonas Hutabarat, said in a statement.

Meanwhile, the increase in non-oil exports was mainly driven by rising exports of fats and vegetable oils, which was in line with the rising price of crude palm oil, as well as of jewelry and gems, vehicles and spare parts, machinery, iron ore, crust and metal.

"Looking ahead, Bank Indonesia will keep a close watch on domestic and global economic developments that may affect the performance of the trade balance, as well as to strive for domestic economic activity to continue to perform well," Arbonas added.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          September 19, 2016 Subsribe Now !
• More Chinese FDI on the horizon Subcribe: Asean Affairs Global Magazine
• Better access, facilities sought for major tourist spots
• Purchasing 11.5m shares, VEIL becomes strategic partner at PCC1
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Malaysia reviews proposal to let property developers lend to buyers
• August trade balance indicates recovery of domestic economy
Asean Analysis                  September 16, 2016
• Asean Analysis  September 16, 2016
Cambodia’s Hun Sen Picks Off the Opposition, One by One, Ahead of Elections
Advertise Your Brand

Asean Stock Watch   September  16 , 2016

• Asean Stock Watch-September 16, 2016
The Biweekly Update
• The Biweekly Update  September 16, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand