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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
INDONESIA
The Indonesian trade surplus for October widened to US$5.67bn from US$4.99bn the previous month, as it continued its upward trend. Both export and import growth was weaker than expected but remained at elevated rates. Trade continues to contribute to solid economic growth allowing the BI to continue tightening policy to support the currency and rein in inflation.
- Exports slowed to 12.3% y/y from 20.3% and while import growth unexpectedly slowed to 17.4% y/y from 22.0%.
- There were strong exports of oil and gas in October with oil products volumes rising 6.9% m/m and gas +0.7%. Machinery & electric equipment and pulp & woods drove the slowdown in non-energy exports.
- Exports year-to-date are up a robust 31% y/y.
- Indonesia reported surpluses with the US, India and China – its three largest export destinations.
- The slowdown in import growth was mainly because of lower precious metals imports.
Indonesia trade balance USD million 3-month ma
Source: MNI - Market News/Refinitiv/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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