Highlights Trade Balance December 2018
Indonesia’s trade balance in December 2018 was in a better state as its figure shrank to USD1.10 billion than that of USD1.99 billion in November 2018. Thus, on a cumulative basis from January to December 2018. Indonesia’s posted deficits of USD8.57 billion thanks to narrowing oil and gas deficits on the back of higher oil and gas exports but lower oil and gas imports. However, edging-higher non-oil and gas deficits were attributable to the much higher decline in non-oil and exports than the decrease in non–oil and gas imports.
Besides, December’s oil and gas deficits were at USD0.22 billion, sliding from USD1.50 billion in November. It was driven by the hike of USD0.38 billion (m-m) in oil and gas exports—gas exports in particular amid lower exports of refineries and crude. Another to such aforementioned factor, narrowing oil and gas imports of USD0.90 billion (m-m) also depleted oil and gas deficits; accordingly, on a cumulative basis of January–December, the oil and gas trade balance marked deficits of USD12.40 billion.
Furthermore, December’s non-oil and gas deficits were at USD0.88 billion, ballooning than deficits of USD.50 billion in November. The ballooning figure was fueled by stunting non-oil and gas exports of USD1.10 billion (m-m)—ores, crusts, and other mineral resources. On the other side, non–oil and gas imports edged down to USD0.71 billion (m-m)—capital goods, raw materials and supporting goods in particular; accordingly, on a cumulative basis of January–December 2018, the non-oil and gas trade balance cheered surpluses of USD3.83 billion.
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