Indonesia's Trade Balance Records USD0.35 Billion Deficit in April

    Ilham wibowo - 15 Mei 2020 13:41 WIB
    Indonesia's Trade Balance Records USD0.35 Billion Deficit in April
    Illustration ( Rizal)
    Jakarta: The Central Statistics Agency (BPS) today announced that Indonesia's trade balance in April 2020 recorded a deficit of USD0.35 billion.

    "The total export value in April 2020 reached USD12.19 billion, while the total import value in April 2020 stood at USD12.54 billion," BPS chairman Suhariyanto told a virtual press conference here on Friday, May 15, 2020.

    "So, we experienced a trade deficit of USD0.35 billion in April this year," the BPS head added.

    In the first four months of 2020, Indonesia's trade balance recorded a surplus of USD2.25 billion. From January until April, the country's total export value reachedusd 53.95 billion. 

    "Compared to the same perios last year, total export value was up by 0.44 percent, while total import value was down by 7.71 percent," the official explained.

    The covid-19 pandemic, which broke out at the beginning of 2020 in China and has been spreading to many countries including Indonesia, affected Indonesia’s economic growth in the first quarter of 2020.
    Indonesia’s economic growth stood at 2.97 percent year-on-year (yoy) in the first quarter of 2020, down from 4.97 percent (yoy) in the previous quarter.
    Meanwhile, domestic consumption stood at 2.84 percent (yoy), far lower than the performance in the fourth quarter of 2019 of 4.97 percent (yoy).


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