Indonesia's Trade Balance Posts Another US$1 Billion Deficit in December 2018

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15/01/2019 15:14 WIB

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The trade deficit in December 2018 was the third consecutive deficit since October.

Indonesia's Balance of Trade (January 2017 - December 2018)

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Indonesia's Balance of Trade (January 2017 - December 2018)

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Indonesia's trade balance recorded a deficit in December 2018. Data released by the Central Bureau of Statistics shows that Indonesia's imports in December reached US$15.28 billion, while exports amounted to only US$14.18 billion. This resulted in a deficit of US$1.1 billion at the end of last year.

The December 2018 trade deficit marks the third consecutive month of deficit since October. Throughout last year, there were nine months with a deficit, the largest being US$1.99 billion in November.

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