Indonesia Trade Deficit at $0.12 Billion in February 2018
Jakarta | 15th March 2018
Indonesia’s trade balance improves in February 2018 with decreasing deficit to $0.12 billion from $0.76 billion in January 2018.
” INDONESIA’ TRADE DEFICIT AT $0.12 BILLION “
The improvement is attributable to the increasing non-oil and gas trade balance surplus and decreasing oil and gas trade balance deficit.
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