Tag Indonesia

aerial photography of container van lot

Indonesia’s trade surplus increased in August

Indonesia’s trade surplus rose to $5.76 billion in August, the National Statistics Office said today, from $4.23 billion in July, driven by strong exports. Indonesian exports increased by 9.2% in August from the previous month to $27.9 billion. This was…

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Indonesia’s export growth slows in August

Indonesia’s exports are expected to slow in August as prices for some key commodities have fallen. Indonesia’s trade surplus is expected to be around $4 billion. Analysts estimate that exports from Southeast Asia’s largest economy rose 19.19% in August from…

car refill transportation gas

Indonesia to buy Russian oil after fuel prices skyrocket

The Indonesian president is considering following India’s and China’s lead and buying oil from Russia to alleviate increasing pressure from rising energy costs. In early September, the president decided to raise the price of government-subsidized fuel by 30%, saying that…

photo of people standing in front of vegetable stall

Indonesia’s GDP grew by 5.44% in Q2 thanks to good exports

According to Indonesia’s statistics office, gross domestic product (GDP) grew by 5.44% in the second quarter of 2022, faster than in the first quarter (5.01%). The Indonesian economy was driven by strong exports and the government’s return to open borders.…

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