Indonesia Trade Balance April 2021

Thursday, July 29, 2021

Indonesia’s june trade report showed both imports and exports outperforming expectations, but the overall trade surplus narrowed sharply as import growth hit 60.1% versus expectations of 44.9%. Exports in may rose 58.8% y/y vs.

Meeting with Lakshmi Machine Works (LMW), Coimbatore in

All figures are in millions of u.s.

Indonesia trade balance april 2021. Meanwhile, imports grew by 68.7% y/y in may vs. Indonesia trade balance registered at $2.19b above expectations ($1b) in april news | 5/20/2021 4:31:26 am gmt | by fxstreet team Trade in goods with indonesia.

Dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Indonesia’s trade figures were expected to show substantial growth in april as base effects were predicted to bloat both import and export growth. A bloomberg consensus on indonesia’s trade balance in march 2021 predicts an average surplus of us$1.50 billion with the highest estimate predicted at us$1.92 billion and us$1.03 at its lowest.

Indonesia's trade balance in march recorded a surplus of us$1.57 billion, according to statistics indonesia. Indonesia's foreign exchange reserves june usd137.1 billion index. Table reflects only those months for which there was trade.

Indonesia's manufacturing sector tracking export performance. Details may not equal totals due to rounding. The bop recorded a low deficit at usd0.2 billion in the q4/2020, supported by the persistence of current account surplus amidst a low capital and financial account deficit.

Indonesia 's balance of payment (bop) in the q4/2020 remained solid, thereby reinforcing external resilience. Inflation rate from 1986 to 2026 (compared to the previous year) [graph]. The external debt at the end of may 2021 was recorded at usd415.0 billion, decreased 0.6% (mtm) compare to usd417.6 billion in april 2021 on the back of the declining government's external

23/ 173 /dkomindonesia's external debt decreased in may 2021. Indonesia posted a trade surplus of usd 2.19 billion in april of 2021, shifting from a deficit of usd 0.37 billion in the same month of the previous year and far above market consensus of usd 1 billion. Indonesia’s trade balance jumped from the $1.0 billion forecasts and $1.56 billion prior in april.

On the same line, exports and imports also crossed 41% and 29.81% respective expected figures with 51.94% and 29.93% growth in that order. Meanwhile, merchandise imports jumped 29.9% in annual terms in april (march: Merchandise exports growth skyrockets in april.

Main import partners were china (20% of total purchases), germany (8.3%) and the us (6.6%). Indonesia’s economic recovery until the first quarter of 2021 has been relatively gradual although leading indicators suggest a stronger rebound during the second quarter. Government and the house of representatives agree on macroeconomic indicators of the 2022 state budget draft index.

Moreover, the great impact of palm oil and coal exports on indonesia’s overall trade balance has continued into 2021 as both the palm oil and coal price have soared so far in 2021 (see the charts below), touching record highs this year. “but in general the exports will be larger than imports which will make the trade balance to a surplus,” said the deputy to bisnis.com on april 11. Exports posted a 54.6% gain as outbound shipments of oil and gas lifted the sector while manufactured goods also posted a decent pickup of 45.9%.

April’s 52.1%, driven mostly by mining products. It is a remarkable achievement that indonesia's trade balance has always been excessive in the last 14 months since may, 2020 until june, 2021.

Necklace from the museum of Peranakan jewellery, Melaka