UOB Group's Economist Enrico Tanuwidjaja and Junior Economist Agus Santoso assess the latest trade balance figures in Indonesia.
Key Takeaways
Trade surplus in May eased sharply to just USD0.4bn from almost USD4bn in Apr, the lowest position in 2023-to-date as imports rose sharply. The easing external demand from Indonesia’s main trading partners and lower commodity prices underpinned the lower trade surplus in May.
Oil and gas (OG) exports contracted by similar magnitude of around 12.1% y/y in May as it was in Apr, while non-oil and gas (non-OG) exports increased by 1.9%, making a turnaround from Apr’s contraction of 30.4%.
OG imports still contracted by 6.5% y/y, but much lower than previous month's contraction of 22.5%, while non-OG imports grew by 18.9% in May, much higher than Apr’s contraction of 22.3%.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.