Indonesia is expected to maintain its trade surplus at $3 billion in October, according to a Reuters poll conducted between November 8 and November 14. This figure represents a slight narrowing compared to the previous month’s surplus of $3.42 billion. The Southeast Asian nation has experienced a weakening trade surplus in recent months, primarily attributed to declining commodity prices and the global economic slowdown, which has impacted demand. Indonesia is a prominent exporter of key commodities like thermal coal and palm oil.
The poll results indicate that exports are likely to contract by 15.35% in October, which, while still a decline, shows a slightly improved outlook compared to the previous month’s sharper drop of 16.17%. On the other hand, imports in October are expected to exhibit a smaller contraction of 7.40%, a more favorable trend compared to September’s 12.45% decline.
Indonesia continues to navigate challenges in the global trade landscape, with its trade balance influenced by external factors such as commodity prices and international economic conditions. As the nation adapts to these challenges, sustaining a trade surplus remains a key priority, contributing to its economic stability and resilience.