How is the Balance of Trade of ASEAN Countries?

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10/07/2018 11:51 WIB

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Indonesia's trade balance recorded a surplus of US$11.82 billion last year.

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ASEAN's Top 10 Trading Partners (2017)

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Indonesia's trade with its partners in 2017 reached US$325.79 billion. According to ASEANSTATS, this figure comprised exports of US$168.81 billion and imports of US$156.99 billion. This means that Indonesia's trade balance last year recorded a surplus of US$11.82 billion.

At the ASEAN level, Indonesia's trade balance surplus ranked fourth, below Thailand with a surplus of US$13.93 billion. The Southeast Asian country with the largest trade balance surplus was Singapore, reaching US$65.59 billion, followed by Malaysia with US$22.69 billion. The Philippines, on the other hand, recorded the largest trade deficit in ASEAN, reaching US$39.63 billion.

For information, Indonesia's trade balance in May 2018 again recorded a deficit of US$1.52 billion, in line with the increase in import demand ahead of Ramadan and Eid al-Fitr. As a result, during the January-May 2018 period, the trade balance experienced a deficit of US$2.83 billion.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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