Jakarta, CNBC Indonesia – Indonesia’s imports in July 2022 grew high. However, in nominal terms, exports were still higher so that the trade balance again recorded a surplus.
On Monday (15/8/2022), Deputy Head of the Central Statistics Agency (BPS) for Distribution and Service Statistics, Setianto announced last month’s import value of US$ 21.35 billion. It grew 39.86% compared to the same period the previous year (year-on-year/yoy).
For the record, market consensus compiled by CNBC Indonesia predicts imports to rise 31.02% yoy. Meanwhile, the Reuters version of the consensus estimates imports to grow 37.3% yoy.
Previously, Setianto reported that the export value in July 2022 was US$ 25.57 billion. Thus, Indonesia still posted a trade balance surplus of US$ 4.22 billion.
Indonesia’s trade balance has always recorded a surplus for 27 consecutive months. The last time the trade balance deficit occurred in April 2020.
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