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Home>>Daily News>>Indonesia>>Trade >>Indonesia posts $1.16b trade deficit in January
NEWS UPDATES Asean Affairs   February 18, 2019  






Indonesia posts $1.16b trade deficit in January

Despite seeing a significant decrease in oil and gas and consumer goods imports, Indonesia posted a US$1.16 billion trade deficit in January 2019 because of slower exports and low commodity prices.

Exports decreased 3.24 percent month-to-month (mtm) and 4.7 percent year-on-year (yoy) to $13.87 billion because of a 29.3 percent mtm decrease in oil and gas exports to $1.24 billion.

Meanwhile, imports went down by 2.19 percent mtm and 1.83 percent yoy to $15.03 billion. This was due partially to a 16.58 percent mtm decrease in oil and gas imports to $1.69 billion, a 16.75 percent mtm decrease in consumer goods to $1.22 billion and a 12.1 percent mtm decrease in capital goods to $2.36 billion.

Statistics Indonesia (BPS) head Suhariyanto said key commodities such as coal, copper, aluminum and zinc saw price declines between December and January.

The Indonesian Crude Price was at $56.55 per barrel last month, a 3.2 percent increase from December at $54.81 per barrel.

“Fluctuating prices of commodities as well the general downturn in global [economic] growth has been affecting Indonesia’s trade balance,” Suhariyanto told a press briefing on Friday. “These factors will make 2019 a bigger challenge for Indonesia.”


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ASEAN  ANALYSIS

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

 


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