In August 2020, Indonesia had a trade balance surplus of USD 2.33 Bn, or the fourth consecutive months with a net export. Hence, for the year 2020, Indonesia trade balance is currently at a surplus of USD 11.05 Bn. Total export recorded at USD 13.07 Bn or a decline of 4.62% MoM and 8.36% YoY. Cumulatively, Indone-sia’s export for the period Jan-Aug 2020 stood at USD 103.16 Bn or a 6.51% con-traction YoY. Meanwhile, August total Import reached 10.74 Bn, representing a 2,65% MoM increase. Although, recording a slight increase, the still weak import figure indicated that both domestic production and demand remained low. This is due to the fact that domestic productions are still depending on the import of raw material and capital goods. With the return of Jakarta region to Large Scale Social Limitations (PSBB), the road to recovery will face more challenges.
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