Market news
16.08.2022, 11:32

Indonesia: Trade figures remain solid – UOB

Enrico Tanuwidjaja, Economist at UOB Group, reviews the latest trade balance figures in Indonesia.

Key Takeaways

“Indonesia’s trade surplus narrowed to USD 4.2bn in Jul, a decrease from the preceding month’s USD 5.1bn, but still higher than market expectations of USD 3.9bn.”

“Exports grew 32.03% y/y, beating market expectations of 29.73% to achieve USD 25.6bn, driven by increased palm oil exports. Imports soared, growing at 39.9% y/y compared to consensus estimates of 37.3%, reaching USD 21.4bn, a sign of post-pandemic recovery.”

“We expect the overall trade surplus in 2022? to match 2021’s record of USD35.3bn, amidst soaring imports and exports as supply chains resume pre-pandemic levels of efficiency.”

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location