Indonesia: Trade Balance_August 2023

Indonesia:  August Trade Surplus

Stable at the Higher Level Trade Balance

Indonesia’s overall international trade figures until the end of August this year show a stable and improving level of performance.  Based on the data from the Central Statistics Agency (BPS), Indonesia’s trade balance recorded a surplus of USD3.12bn, higher than the surplus in July 2023 of USD1.29bn (in Chart 1).

The trade surplus balance in August 2023 was mainly driven by an increase in the non-oil and gas trade balance surplus. The non-oil and gas trade balance surplus was recorded at USD4.47bn, an increase compared to the previous month’s non-oil and gas surplus of USD3.2bn.

Cheers,