Indonesia's trade deficit with China increases in January

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Indonesia suffered a trade deficit of over 2.4 billion USD with China in January, up 32 percent from the same period last year, according to the Central Bureau of Statistics (BPS).

Jakarta, Indonesia. (Source: FIM)

Jakarta, Indonesia. (Source: FIM)

Suhariyanto, head of the BPS, attributed the deficit to the slowdown in China's economic growth that affected demand for raw materials and some Indonesian exports to China.
The rate of non-oil and gas products in Indonesia’s exports to China was reduced to 13.52 percent ( US$1.71 billion) in the first month of 2019, compared to 14.51 percent ( $1.92 billion) posted in January last year.
Besides, Indonesia’s oil export to China decreased by 4.36 percent to  US$184.6 million in the reviewed month.
Also in January, Indonesia’s trade balances with Thailand and Australia also posted a deficit at  US$261 million and US$208 million, respectively.
However, Indonesia had a surplus with the US ($805 million), India ($650 million) and the Netherlands ($214 million).

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