Indonesia Trade Data (Monthly basis), starting from January 2022

[Indos]

2022 Fantastic! The Largest RI Coal Production in History​

Jakarta, CNBC Indonesia - Indonesian coal production until the end of 2022 is recorded to have reached or even exceeded the target set by the government.




Based on data from Minerba One Data Indonesia (MODI) of the Ministry of Energy and Mineral Resources (ESDM), Friday (30/12/2022), Indonesia's coal production is recorded to have reached 671.75 million tons or exceeds this year's target of 663 million tons.

"The 2022 production plan is 663 million tons. The realization of production is 671.75 million tons or 101.32% of the plan," wrote MODI data, quoted on Friday (30/12/2022).

If you look at the production data throughout history, it turns out that RI's coal production in 2022 has reached the highest record in history.

Coal production in 2022 has exceeded the previous record for the highest coal production that occurred in 2019. In 2019, Indonesia's coal production was recorded at 616.2 million tons. Then below that happened in 2021 where RI's coal production was recorded at 614 million tons.

Based on data from the BP Statistical Review 2022, coal production in 1981 was observed to be very minimal at around 0.4 million tons per year, then increased to 10.7 million tons in 1990 and only broke the 100 million tons mark in 2002.

In 2002 Indonesia's coal production reached 103.3 million tons, then increased to 216.9 million tons in 2007, and in 2011 it increased to 353.3 million tons.

Since 2013, Indonesia's coal production has continued to soar beyond 400 million tons per year. Then in 2018 it was finally able to reach 557.8 million tons, and in 2019 it reached a record high at that time of 616.2 million tons.

However, in 2020 due to the Covid-19 pandemic began to hit the world, Indonesia's coal production also fell to 563.7 million tons and in 2021 it rose again to 614 million tons.

Although 2022 is not completely over, coal production until December 30, 2022 has been observed to reach an all-time high of 671.75 million tons.

This amount of production data is even still being updated and could potentially increase.

(wia)

2022 Fantastis! Produksi Batu Bara RI Terbesar dalam Sejarah

Produksi batu bara RI hingga ujung 2022 ini tercatat sudah mencapai atau bahkan melampaui target yang telah ditetapkan pemerintah.

www.cnbcindonesia.com

 

[Indos]

Indonesia’s export value expected to grow nearly 13% in 2023​

Monday, January 16, 2023

Jakarta (VNA) – The Indonesian government has announced that it expects the value of exports to grow by 12.8% in 2023, much lower than the growth of 29.8% in 2022, according to Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto.

Speaking after the recent Government meeting on the country’s exports in 2022 and targets for 2023, the minister said that this year, export growth will slow down compared to last year.
Similarly, imports are projected to increase by 14.9% in 2023 after growing by 29.4% in 2022.
The minister explained that the slowdown cannot be separated from observations of the global economy's development which has been projected to decline.

According to him, Indonesia’s economy has been deemed resilient because the nation’s dependence on exports is relatively low, contributing less than 50%.

Export's contribution to Indonesia's economic growth is 45%, slightly lower than that of Japan with 47%, but higher than that of Brazil (40%), China (39%), and the US (28%).

Indonesia's trade growth is also forecast to slow down, to just about 1% in 2023 while last year, its growth reached 3.5%.

According to the minister, in 2022, Indonesia's export value has increased significantly to 268 billion USD thanks to three main commodities including iron and steel, fossil energy, and crude palm oil (CPO), which contributed largely to the trade surplus./.

Indonesia’s export value expected to grow nearly 13% in 2023 | World | Vietnam+ (VietnamPlus)

The Indonesian government has announced that it expects the value of exports to grow by 12.8% in 2023, much lower than the growth of 29.8% in 2022, according to Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto.

en.vietnamplus.vn

 

[Indos]

AlhamduliLLAH

Indonesia has trade surplus in 2022 at 54,63 billion USD
Total export in 2022 is 291,98 billion USD
December trade surplus is narrowing at 3,89 billion USD
Export in December 2022 shows 6,58 % growth yoy
Export in December 2022 shows decline at 1.1 % month on month (compared to November 2022)

Indonesia also has lower trade surplus in December 2021 compared to the rest of the year. So the slow of trade surplus in December 2022 should be seen as characteristic of December trade rather than showing future trend.

Indonesia trade surplus in December 2021 shrinks to 1.02 bln USD​

Source: Xinhua| 2022-01-17 18:06:31|Editor: huaxia

https://english.news.cn/asiapacific/20220117/d79507d1579a4202b2ba814bce820531/c.html

 

[Indos]

Indonesia has 3.6 billion USD trade deficit with China in 2022

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Data from the Central Statistics Agency (BPS) shows that exports to China throughout 2022 amounted to US$ 63.55 billion or 23.03% of total exports throughout last year.

Then the value of imports from China throughout 2022 was recorded at US$ 67.16 billion or equivalent to 34.07% of the total imports throughout last year.

MSN

 

[Indos]

US' textiles & apparel imports up 16.03% in 2022​

Pic: Shutterstock.com

10 February 2023

US’ imports of textiles and apparel have continued to grow in value terms and rose by 16.03 per cent to $132.201 billion in 2022, compared to $113.938 billion in 2021. With a 25.65 per cent share, China continues to be the largest supplier of textiles and clothing to the US, followed by Vietnam with 14.87 per cent.

Within textiles, apparel constituted the bulk of the imports by the US in 2022, amounting to $99.932 billion, while non-apparel imports accounted for $32.268 billion, according to the latest Major Shippers Report, released by the US department of commerce.

Segment-wise, among the top ten apparel suppliers to the US, imports from Nicaragua and Bangladesh shot up by 42.81 per cent and 36.38 per cent year-on-year, respectively. Imports from India and Indonesia too grew by 35.50 per cent and 35.29 per cent, respectively.

Additionally, imports from Cambodia, which is one of the top 10 suppliers to the US, registered a growth of 28.46 per cent compared to the same period of the previous year.

In the non-apparel category, among the top ten suppliers, imports from Cambodia soared by 48.55 per cent year-on-year. Imports from Vietnam and Italy too climbed by 31.43 per cent and 14.16 per cent, respectively. On the other hand, imports from some countries including China, India, Turkiye and Canada slipped. The imports from Turkiye dipped by 10.15 per cent.

Of the total US textile and apparel imports of $132.201 billion during the period under review, man-made fibre products accounted for $68.132 billion, while cotton products were worth $56.902 billion, followed by $4.395 billion worth of wool products, and $2.769 billion worth of products from silk and vegetable fibres.

In 2020, the US textile and apparel imports had decreased sharply to $89.596 billion compared to imports of $111.033 billion in 2019, mainly on account of the disruption caused by the COVID-19 pandemic. But imports rebounded again in 2021 to reach $113.938 billion, thus surpassing the pre-pandemic level.

Fibre2Fashion News Desk (KUL)

US' textiles & apparel imports up 16.03% in 2022

US' imports of textiles and apparel rose by 16.03 per cent to $132.201 billion in 2022, compared to $113.938 billion in 2021. With a 25.65 per cent share, China continues...

www.fibre2fashion.com

 

[Indos]

AlhamduliLLAH, Indonesia was still able to post 3.87 billion USD trade surplus in January 2023, bigger than Reuters pool estimate.

Surplus in non oil and gas trade was US$ 5.29 billion USD but Indonesia posted deficit in oil and gas trade at US$ 1.42 billion USD in January 2023.

Indonesia, AlhamduliLLAH, has been in continuous trade surplus for 33 months so far

Surplus Neraca Dagang 33 Bulan Beruntun, Ini Andalan RI!

Penyumbang terbesar dari surplus ini adalah bahan bakar mineral, yakni batu bara.

www.cnbcindonesia.com

 

[Indos]

Indonesia's Trade Balance with ASEAN Surplus of 1.41 Billion US Dollar (January 2023)​

Story from Friska Yolandha • 5 hours ago

REPUBLIKA.CO.ID, JAKARTA -- The Central Statistics Agency (BPS) recorded a surplus in Indonesia's trade balance with ASEAN countries. Indonesia's total trade exports with ASEAN countries amounted to 3.93 billion US dollars and imports amounted to 2.51 billion US dollars.

"So in January 2023, Indonesia's trade balance recorded a surplus of 1.41 billion US dollars with ASEAN countries," said BPS Deputy for Production Statistics M Habibullah in a press conference at the BPS Building, Wednesday (15/2/2023).

He explained that throughout 2022, Indonesia posted a trade surplus of 20.4 billion US dollars with ASEAN. In the last five years, the value of Indonesia's trade balance surplus with ASEAN has continued to increase.

"This confirms ASEAN's role in Indonesia's foreign trade," said Habibullah.
He detailed that the largest surplus in Indonesia's trade balance was experienced with the Philippines, which was 909.1 million US dollars. Meanwhile, the largest deficit was experienced with Thailand at 398.8 million US dollars.

Previously, BPS noted that in January 2023, Indonesia continued its surplus for 33 consecutive months of USD3.8 billion. Indonesia's trade balance surplus in that period was supported by non-oil and gas commodities.

BPS records oil and gas commodity trade balance deficit of 1.42 billion US dollar. Commodities contribute to the trade balance deficit, namely crude oil and oil products.

Meanwhile, BPS recorded a trade balance of non-oil and gas commodities with a surplus of USD5.29 billion. The main commodities contributing to the surplus are mineral fuels, fats and animal or vegetable oils, as well as iron and steel.

MSN

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[Indos]

In January 2023, Indonesia oil import jumped around 30 %, I would suggest this was an opportunistic import made due to seeing lower oil price during that month. Less oil import will likely happening this month in February, so I expect this month Indonesia could post more than 4 billion USD trade surplus. Lets wait in March 15 to see the number whether my projection is true or not

 

[Indos]

These Three Countries Are the Biggest Contributors to Indonesia's Trade Balance Surplus in January​

Yesterday 13:44 p.m.
2


KONTAN.CO.ID - JAKARTA. The goods trade balance still experienced a surplus in January 2023. The Central Statistics Agency (BPS) noted that the trade balance surplus in that period was US$ 3.87 billion.

Deputy for Production Statistics M. Habibullah said that there are 3 countries that contribute to Indonesia's trade balance throughout 2022, namely from the United States, the Philippines and India.

"The three countries with the largest non-oil and gas trade balance surplus in January 2023 are the United States, the Philippines, and India," said Habibullah in a press conference, Wednesday (15/2).

With the United States, Indonesia's trade surplus reached US$ 1.1 billion.

Also Read: BPS Records Indonesia's Trade Balance Surplus of US$ 3.87 Billion in January 2023

The largest surplus was contributed by machinery and electronic equipment commodities and their share HS 85 of US$ 291.2 million, clothing and accessories (not knitted) HS 62 US$ 182.4 million, animal/vegetable fats and oils HS 16 of US$ 175 million.

For the Philippines, Indonesia's trade surplus reached US$ 909.2 million. The largest surplus was contributed by HS 27 mineral fuel of US$ 392.4 million, vehicles and parts of HS 87 of US$ 235.1 million, and HS 72 iron and steel of US$ 47.3 million.

Finally, with India, Indonesia's trade surplus reached US$ 810.5 million. The largest surplus was contributed by HS 27 mineral fuel of US$ 439.1 million, HS 15 vegetable/animal fats and oils of US$ 436, HS 72 iron and steel of US$ 109.9 million.

Also Read: Economist predicts trade balance in January 2023 with a surplus of US$ 2.99 billion

On the other hand, Indonesia recorded the largest trade deficit from Australia at US$ 398.8 million, Thailand at US$ 353.1 million, and Argentina at US$ 247.1 million.

MSN

 

[Indos]

In January 2023, Indonesia oil import jumped around 30 %, I would suggest this was an opportunistic import made due to seeing lower oil price during that month. Less oil import will likely happening this month in February, so I expect this month Indonesia could post more than 4 billion USD trade surplus. Lets wait in March 15 to see the number whether my projection is true or not

AlhamduliLLAH, my prediction is match with the reality

Indonesia trade surplus for February 2023 is 5.48 billion USD

As I predicted, the trade surplus is primarily made by the fall of import where oil import was also falling.

 

[Indos]

Check predictions by economists

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MARCH 14, 20232:15 PM
UPDATED 21 HOURS AGO

POLL-Indonesia's Feb trade surplus seen shrinking as imports rise for Ramadan​

By Reuters Staff
2 MIN READ

*​

Click here for poll data


JAKARTA, March 14 (Reuters) - Indonesia’s trade surplus likely fell further last month to $3.27 billion as imports rose ahead of the Muslim fasting month of Ramadan, when consumption typically peaks, a Reuters poll showed on Tuesday.

Southeast Asia’s largest economy has been recording trade surpluses every month since May 2020, but they have narrowed in in recent months due to moderating commodity prices. January’s surplus was $3.87 billion.

Indonesia is the world’s biggest exporter of thermal coal and palm oil. It is also a top supplier of other commodities, like tin, copper, rubber and nickel products.

Export growth in February was seen slowing further to 5% on a yearly basis, compared with the previous month’s rate of 16.37%, according to a median forecast of 17 economists.


Meanwhile, February import growth was seen jumping to 9.74% from 1.27% in January.

Ramadan in Indonesia, the world’s largest Muslim-majority country, will start next week.

Faisal Rachman, an economist with Bank Mandiri, said rising imports reflected companies’ preparations for Ramadan and post-pandemic recovery of manufacturing activities.

Mandiri predicted Indonesia might post narrower monthly trade surpluses going forward due to the decline in commodity prices, which could swing its current account to a deficit of around 1.1% of GDP this year, compared with a 1% surplus in 2022.

(Polling by Madhumita Gokhale and Veronica Khongwir in Bengaluru; Writing by Stefanno Sulaiman in Jakarta; Editing by Kanupriya Kapoor)

POLL-Indonesia's Feb trade surplus seen shrinking as imports rise for Ramadan

Indonesia's trade surplus likely fell further last month to $3.27 billion as imports rose ahead of the Muslim fasting month of Ramadan, when consumption typically peaks, a Reuters poll showed on Tuesday.

www.reuters.com

• Indonesia: Trade data for February will be reported today. We are expecting recent trends in trade data to hold with exports possibly expanding by close to 5%YoY and the overall trade balance remaining in surplus. However given moderating prices for Indonesia's export commodities complicated by softer global demand, we should see the trade surplus come in at around $3.3bn, much lower than the record highs of $7.5bn. A narrowing trade surplus points to less support for the IDR and this could mean that the currency may face depreciation pressure in the near term.

Asia Morning Bites

Markets rally on a return to stability in the banking sector, despite the higher US inflation numbers. Activity data for China will be released this morning.…

think.ing.com

 

[Indos]

In January 2023, Indonesia oil import jumped around 30 %, I would suggest this was an opportunistic import made due to seeing lower oil price during that month. Less oil import will likely happening this month in February, so I expect this month Indonesia could post more than 4 billion USD trade surplus. Lets wait in March 15 to see the number whether my projection is true or not

Indonesia Feb trade surplus at $5.48 bln, beats forecast​

Reuters
JAKARTA, March 15 (Reuters) - Indonesia reported a larger than forecast trade balance in February at $5.48 billion, boosted by an unexpected drop in imports, data from the country's statistics bureau showed on Wednesday.

Analysts polled by Reuters had expected a $3.27 billion trade surplus.

Exports in February rose 4.51% annually to $21.40 billion, slightly lower than a 5.00% growth expected by analysts and after a 16.37% increase in January.

Imports fell by 4.32% annually to $15.92 billion due to a drop in purchases of raw materials, Statistics Indonesia said. A Reuters poll had forecast a 9.74% increase in shipments.

Indonesia Feb trade surplus at $5.48 bln, beats forecast

Indonesia reported a larger than forecast trade balance in February at $5.48 billion, boosted by an unexpected drop in imports, data from the country's statistics bureau showed on Wednesday.

www.reuters.com

Indonesia Feb trade surplus at $5.48 billion, beats forecast By Reuters

Indonesia Feb trade surplus at $5.48 billion, beats forecast

www.investing.com

 

[Indos]

AlhamduliLLAH

Indonesia has trade surplus in 2022 at 54,63 billion USD
Total export in 2022 is 291,98 billion USD
December trade surplus is narrowing at 3,89 billion USD
Export in December 2022 shows 6,58 % growth yoy
Export in December 2022 shows decline at 1.1 % month on month (compared to November 2022)

Indonesia also has lower trade surplus in December 2021 compared to the rest of the year. So the slow of trade surplus in December 2022 should be seen as characteristic of December trade rather than showing future trend.

Indonesia trade surplus in December 2021 shrinks to 1.02 bln USD​

Source: Xinhua| 2022-01-17 18:06:31|Editor: huaxia

https://english.news.cn/asiapacific/20220117/d79507d1579a4202b2ba814bce820531/c.html

My other forecast in January 19 AlhamduliLLAH become reality for the first two months, beating many analist that may have Phd degree from Western university like this Pinoy guy

PS: I am educated entirely in Indonesia with only bachelor degree from economic faculty

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Slowing trade momentum to keep FX pressured​

Indonesia was one of the few countries that benefited from the commodity price boom in 2022, translating to record trade surpluses. This resulted in the current account also reverting to positive territory, which in turn provided robust support to the Indonesian rupiah (IDR). The relative stability of the IDR helped limit price pressures early in 2022 which in turn allowed the central bank to postpone rate hikes to the latter half of 2022. With commodity prices moderating and expected to slide further, we could see Indonesia’s trade surplus diminish or even move into deficit territory in 2023. The loss of this previous support suggests that the IDR will likely remain pressured for much of next year, especially if financial outflows continue. A weaker IDR in 2023 could also translate to additional rate hikes by the central bank early next year.

Indonesia to miss boost from commodity boom as Jokowi’s term winds down

Indonesia benefited from the commodity boom in 2022 but may not be able to bank on this next year

think.ing.com

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ING Bank Netherlands

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[Indos]

Indonesia's trade balance records US$5.48 billion surplus in Feb 2023​

1 hour ago

As of February 2023, Indonesia's trade balance has been in surplus for 34 consecutive months since May 2020, and currently, the trend is still increasing.

Jakarta (ANTARA) - Statistics Indonesia (BPS) announced that Indonesia's trade balance in February 2023 experienced a surplus of US$5.48 billion (Rp84.7 trillion), supported by a surplus in the non-oil and gas sector of US$6.70 billion (Rp103.56 trillion).

Meanwhile, trade in the oil and gas sector recorded a deficit of US$1.22 billion (Rp18.86 trillion).

"As of February 2023, Indonesia's trade balance has been in surplus for 34 consecutive months since May 2020, and currently, the trend is still increasing," Deputy for Product Statistics at BPS M. Habibullah noted in a press conference, here, on Wednesday.

The three largest contributors to the surplus in the non-oil and gas sector in February 2023 were the machine, electrical equipment, and their parts; animal or vegetable oil and fat; as well as tin and its derivative products, he remarked.

The BPS deputy noted that the three sectors recorded a surplus of US$141 million (Rp2.18 trillion), US$106.2 million (Rp1.64 trillion), and US$46.4 million (Rp717.2 billion), respectively.

He remarked that the United States, India, and China were the three countries having contributed the most to Indonesia’s trade balance surplus in February 2023.

The trade balance surplus with the United States amounted to US$1.32 billion (Rp20.4 trillion).

The most exported commodities to the country included machinery, electrical equipment, and their parts; non-knitted clothing and their accessories; as well as knitted clothing and their accessories.

The commodities that became the largest contributors to Indonesia’s trade balance surplus with India were mineral fuels; animal or vegetable fats and oils; as well as metal ores, slag, and ash. The trade surplus with India was recorded at US$1.081 billion (Rp16.7 trillion).

Furthermore, Indonesia posted a trade surplus with China of US$999.8 million (Rp15.4 trillion), with iron and steel; mineral fuels; as well as animal or vegetable fats and oils as being the most exported commodities.

Meanwhile, the three biggest contributors to Indonesia’s trade balance deficit in February 2023 were Australia (US$400.4 million or Rp6.19 trillion), Thailand (US$342.1 million or Rp5.29 trillion), and Brazil (US$158.8 million or Rp2.45 trillion).

Habibullah stated that during the January-February 2023 period, the non-oil and gas sector clocked a surplus of US$12 billion (Rp185.48 trillion), while the oil and gas sector had recorded a deficit of US$2.64 billion (Rp40.81 trillion).

Hence, Indonesia recorded a surplus of US$9.36 billion (Rp144.68 trillion) during the first two months of 2023, he stated.

However, the value of exports in February 2023 had declined by 4.15 percent as compared to January 2023 (month-to-month/m-to-m), the BPS deputy stated.

He explained that it was caused due to a decrease by 20.26 percent in the value of oil and gas exports.

He stated that the value of imports in February 2023 also decreased by 13.68 percent m-to-m due to less imports of raw or supporting materials by 15.09 percent.

Indonesia's trade balance records US$5.48 billion surplus in Feb 2023 - ANTARA News

Statistics Indonesia (BPS) announced that Indonesia's trade balance in February 2023 experienced a surplus of US$5.48 billion (Rp84.7 trillion), supported ...

en.antaranews.com

 

[Indos]

Trade surplus data (February 2022-February 2023)

In billion USD