{"id":140229,"date":"2018-09-18T12:37:36","date_gmt":"2018-09-18T05:37:36","guid":{"rendered":"https:\/\/setkab.go.id\/?p=140229"},"modified":"2018-09-18T14:42:25","modified_gmt":"2018-09-18T07:42:25","slug":"bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/","title":{"rendered":"Bank Indonesia: Indonesia\u0092s Trade Deficit Shows a Decreasing Trend"},"content":{"rendered":"<p><a href=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2018\/09\/18Sept.jpg\" rel=\"attachment wp-att-140231\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-140231\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2018\/09\/18Sept-300x201.jpg\" alt=\"18Sept\" width=\"300\" height=\"201\" srcset=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2018\/09\/18Sept.jpg 300w, https:\/\/setkab.go.id\/wp-content\/uploads\/2018\/09\/18Sept-150x101.jpg 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Bank Indonesia (BI) noted that Indonesia\u0092s trade deficit shows a decreasing trend. It is indicated by the decifit in August 2018 which declined from US$2.01 billion in the previous month to US$1.02 billion.<\/p>\n<p>\u0093The improvement is possible due to non-oil and gas trade balance surplus,\u0094 \u00a0Bank Indonesia (BI) Executive Director for Communications Agusman\u00a0said in his press release on Monday (17\/9). <!--more--><\/p>\n<p>Considering the improvement, Agusman added, cumulatively, Indonesia recorded a trade deficit of US$4.09 billion from January-August 2018.<\/p>\n<p>The press release also reads that non-oil and gas trade balance in August 2018 recorded a surplus of US$0.64 billion, after a deficit of US$0.78 billion in the previous month.<\/p>\n<p>\u0093The improvement in the non-oil and gas trade balance was influenced by a decline of non-oil and gas import by US$1.84 billion (mtm), particularly the decline in imports of mechanical machinery and aircraft, iron and steel, vehicles and spare parts, organic chemicals, as well as plastics and products made from plastics,\u0094 Agusman said.<\/p>\n<p>On the other hand,\u00a0 non-oil and gas export declined by US$0.43 billion (mtm), particularly the decline in exports of mineral fuels, ores, slag and dust, rubber and products made from rubber, paper \/ cardboard, and various chemical products.<\/p>\n<p>\u0093Cumulatively, Indonesia\u0092s non-oil and gas trade balance recorded a surplus of US$4.27 billion from January-August 2018,\u0094 Agusman firmly said.<\/p>\n<p>Agusman went on to say that oil and gas trade balance will likely to experience deficit as oil and gas import increase. He added that oil and gas trade balance in August 2018 recorded a deficit of US$1.66 billion, increased from US$1.23 billion in the previous month.<\/p>\n<p>\u0093It was influenced by an increase of oil and gas import by US$0.39 billion (mtm), particularly crude oil imports,\u0094 Agusman said adding that oil and gas export, on the contrary, declined by US$0.05 billion (mtm) given the decline in the export of oil and gas.<\/p>\n<p>\u0093Cumulatively, Indonesia recorded an oil and gas trade deficit of US$8.36 billion from January-August 2018 or increased from US$5.40 billion in the same period last year,\u0094 Agusman said.<\/p>\n<p>According to the Executive Director, the BI considered Indonesia\u0092s trade deficit in August 2018 is in line with strong domestic economic activity, including production and investment activities.<\/p>\n<p>The BI predicts the performance of trade balance is expected to improve in line with the consistency of the policy mixes implemented by Bank Indonesia and measures taken by the Government to encourage exports and control imports. <strong>(BI PR Department\/ES)<\/strong> <strong>(RAS\/YM<\/strong><strong>\/Naster)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank Indonesia (BI) noted that Indonesia\u0092s trade deficit shows a decreasing trend. It is indicated by the decifit in August 2018 which declined from US$2.01 billion in the previous month to US$1.02 billion. \u0093The improvement is possible due to non-oil and gas trade balance surplus,\u0094 \u00a0Bank Indonesia (BI) Executive Director for Communications Agusman\u00a0said in his [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":140232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-140229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank Indonesia: Indonesia\u0092s Trade Deficit Shows a Decreasing Trend - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Indonesia: Indonesia\u0092s Trade Deficit Shows a Decreasing Trend - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"Bank Indonesia (BI) noted that Indonesia\u0092s trade deficit shows a decreasing trend. It is indicated by the decifit in August 2018 which declined from US$2.01 billion in the previous month to US$1.02 billion. \u0093The improvement is possible due to non-oil and gas trade balance surplus,\u0094 \u00a0Bank Indonesia (BI) Executive Director for Communications Agusman\u00a0said in his [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/\" \/>\n<meta property=\"og:site_name\" content=\"Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/id-id.facebook.com\/Setkabgoid\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-18T05:37:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-18T07:42:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2018\/09\/18Sept-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"201\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@setkabgoid\" \/>\n<meta name=\"twitter:site\" content=\"@setkabgoid\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/\"},\"author\":{\"name\":\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\",\"@id\":\"https:\/\/setkab.go.id\/#\/schema\/person\/ccc9c04099be79c6aa9ed45cb3bf345e\"},\"headline\":\"Bank Indonesia: Indonesia\u0092s Trade Deficit Shows a Decreasing Trend\",\"datePublished\":\"2018-09-18T05:37:36+00:00\",\"dateModified\":\"2018-09-18T07:42:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/setkab.go.id\/#organization\"},\"image\":{\"@id\":\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/setkab.go.id\/wp-content\/uploads\/2018\/09\/18Sept-1.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/\",\"url\":\"https:\/\/setkab.go.id\/en\/bank-indonesia-indonesias-trade-deficit-shows-a-decreasing-trend\/\",\"name\":\"Bank Indonesia: Indonesia\u0092s Trade Deficit Shows a Decreasing Trend - 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