RI's Trade Surplus Persists but Narrows: Economic Slowdown Hinted
Indonesia has recorded a trade surplus for 42 consecutive months. On Wednesday, Statistics Indonesia (BPS) released the trade balance data for October, showing a surplus of US$3.48 billion. BPS Deputy for Distribution and Service Statistics Pudji Ismartini said the trade surplus increased by US$0.07 billion compared to the previous month.
However, this achievement is lower compared to October 2022 and when viewed cumulatively for the first ten months. From January to October 2023, the total trade surplus reached US$31.22 billion, below the January-October 2022 realization of US$45.44 billion.