Indonesia Trade Deficit at $0.68 Billion in January 2018
Jakarta | 15th February 2018
In line with increasing domestic economic activities, Indonesia’s trade balance in January 2018 records deficit of $0.68 billion.
” INDONESIA’ TRADE DEFICIT AT $0.68 BILLION “
Such deficit is attributable to the decreasing surplus in non-oil and gas trade balance exceeding the decreasing deficit in oil and gas trade balance.
Bank Indonesia considers the trade balance deficit closely relates to the increasing activities in production and investment, in line with the improving domestic economic prospect and influence of increasing price of imported goods. Going forward, trade balance performance is estimated to improve in line with the continued global economic recovery and high price of global commodities. Such development will support the improvement of economic growth prospect and current transaction performance.
Official Press Release by Bank Indonesia