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Trade Balance Indonesia: Second Consecutive Monthly Surplus in March

Trade Balance Indonesia: Second Consecutive Monthly Surplus in March

And when we take a closer look at the latest export and import data, then there remains room for concern, specifically about the international environment. Indonesian oil and gas exports fell 18.3 percent year-on-year (y/y) to USD $1.09 billion in March 2019 (from USD $1.34 billion in March 2018), while Indonesia’s non-oil and gas exports fell 9.2 percent (y/y) to USD $12.93 billion (from USD $14.25 billion in March 2018). Declining exports indicate that the international environment remains very challenging amid subdued global economic growth and the United States-China tariffs.