Weakening growth of the world and regional economy, coupled with low of Indonesia’s international competitiveness, compounded with falling commodity prices, have all undermined Indonesian exports.

Figure 14 :  Indonesia Trade Balance January 2011 – July 2013
Indonesia trade balance registered the largest record deficit so far

Source: BPS and  CEIC (2013)

Indonesian trade balance deteriorated in July 2013. The trade balance recorded a deficit of USD 2.3 billion, which followed a deficit of USD 0.9 billion in June 2013. Cumulatively, from June to July, 2013, Indonesia has posted a trade balance deficit of USD 5.6 Billion.   read more

Indonesia trade balance has deteriorated in April 2013. If in March 2013, Indonesia trade balance posted a surplus of USD 0.1 billion, conversely the economy relapsed into a trade deficit of USD 1.6 billion in April 2013. The deterioration in trade balance is attributable to the surge in imports by 9.6%. The rise in the value of imports is in part as a result of a surge in non oil imports from USD 11 billion to USD 12.7 billion, meanwhile, oil imports registered a decrease of USD 0.3 billion or 7.7%.   The decrease in exports from USD 15.02 billion to USD 14.7 billion is another factor that contributed to the drop in the trade balance in April 2013. read more

Indonesia trade balance deficit in 2012 was accounted for USD 1.7 billion, which is worse compared to its performance in 2011 that registered surplus USD 26.1 billion. The weakening of Indonesia balance of trade in 2012 is attributable to the decrease in the oil and gas’ trade balance from surplus of USD 0.8 billion in 2011 to deficit of USD 5.6 billion in 2012. Besides, the deteriorating of Indonesia trade balance also caused by the decrease of non oil and gas’ trade balance from USD 25.3 billion in 2011 to USD 4 billion in 2012. read more