Indonesia's 2019 Trade Balance Remains in Deficit

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Yosepha Pusparisa 31/01/2020 13:26 WIB

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Indonesia's 2019 trade balance remained in deficit by US$3.2 billion or Rp43.8 trillion, based on an exchange rate of Rp13,700 per US$. The oil and gas sector contributed to the 2019 deficit.

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Indonesia's 2019 Trade Balance Remains in Deficit

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Indonesia's Balance of Trade (2019)

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Indonesia's trade balance in 2019 still recorded a deficit of US$3.2 billion, or Rp43.8 trillion. However, this deficit was lower than the previous year's US$8.7 billion, equivalent to Rp119.2 trillion.

High oil and gas imports caused Indonesia's trade deficit. In 2019, the trade deficit in the oil and gas sector reached US$9.3 billion, equivalent to Rp127.4 trillion. The surplus in the non-oil and gas sector, amounting to US$6.1 billion or Rp83.6 trillion, was insufficient to boost the 2019 trade balance.

Editor : Safrezi Fitra

"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."