Indonesia's trade balance surplus in May 2023 was US$436.5 million, a record for 37 months since May 2020. Due to falling coal, palm oil (CPO), and steel prices, the trade balance surplus in May 2023 was the lowest in 37 months. Steel prices declined 10.43% to US$105.2 per ton in May 2023, while coal prices fell 17.4% to US$160.5 per ton. Coal export value dropped 6.25 percent to 3 billion US dollars, and steel dropped 9.09% to 2 billion US dollars. CPO declined 7.08 percent monthly to US$934.1 per ton. These commodities exported 1.5 billion US dollars, up 7.14 percent.Vehicle and parts exports rose 60.2 percent to US$373.2 million, boosting exports. Coal, CPO, and steel did not lead exports in April 2023. Metal ore, slag, and ash exports rose 26.16 percent monthly to 166.8 million dollars. The trade surplus narrowed in May 2023 due to rising imports and declining prices, according to PT Bank Danamon Indonesia Tbk economist Irman Faiz. Imports rose 38.65% monthly and 14.35% annually to 21.27 billion US dollars that month. Domestic demand boosted imports of raw materials, capital goods, and consumer products. Import growth shows domestic demand is recovering, which can counterbalance the global demand downturn. Indonesia's manufacturing Purchasing Managers' Index (PMI) is still over 50. As commodity prices fall and global demand slows, imports are projected to rise while exports fall.Link di fonte: https://www.kompas.id/baca/ekonomi/2023/06/15/surplus-dagang-menipis-permintaan-dinilai-kian-pulih (ICE GIACARTA)

Fonte notizia: Kompas - 16 June 2023