BPS: Indonesia's Trade Performance Declines for 9 Months

Indonesia’s trade performance has been declining in the past nine months, further exacerbated by the ongoing El Niño.

Tim Redaksi

17 Okt 2023 - 17.53
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BPS: Indonesia's Trade Performance Declines for 9 Months

Illustration - Goods delivery activities at the port. Indonesia's trade performance in the first 9 months of 2023 showed a slowdown./Bisnis.

Bisnis, JAKARTA — Indonesia’s trade performance has declined in the past nine months, further exacerbated by the ongoing El Niño.

Amid efforts to boost trade in the wake of the COVID-19 pandemic, the world is facing various issues, including food crises, multiple geopolitical conflicts, and decreased purchasing power.

Statistics Indonesia (BPS) recorded exports of $20.75 billion in September, a 5.63% decrease compared to August 2023. Meanwhile, imports in September amounted to $17.34 billion, an 8.15% decline from the previous month when it was $18.87 billion.

Furthermore, the trade balance for September showed a surplus of $3.42 billion, a slight increase of 0.3% compared to the previous month. Nevertheless, Indonesia's trade performance has significantly deteriorated over the past three quarters.

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BPS: Indonesia's Trade Performance Declines for 9 Months

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