Indonesia Trade Deficit at $1.63 billion in April 2018
Jakarta | 15th May 2018
Indonesia’s trade balance in April 2018 has deficit of 1.63 billion US dollar in line with the increasing domestic economy activities. The deficit is also affected by the deficit in non-oil and gas trade balance as well as oil and gas trade balance. Cumulatively from January to April 2018, Indonesia’s trade balance records deficit of 1.31 billion US dollar.
“Indonesia Trade Deficit at $1.63 billion in April 2018”
Bank Indonesia considers the trade balance deficit in April 2018 closely relates to the increasing production and investment activities, in line with the improving domestic economy prospect. Going forward, Bank Indonesia believes trade balance performance will improve in line with the continued global economic recovery and high global commodity’s prices. This estimate will in turn support economic growth prospect and resilience of current transaction balance.
Official Press Release by Bank Indonesia