Indonesia Trade Trends September 2022

According to the latest data released by the Fiscal Policy Agency (BKF), Indonesia's international trade recorded a surplus of USD 4.99 billion in September 2022, while the total amount in the first 9 months reached USD 39.87 billion.

Indonesia's exports in September 2022 had a positive performance, with a growth of 20.28% to USD 24.80 billion, while the period from January to September 2022 saw an increase of 33.49%. Meanwhile, the imports grew by 22.01% to USD 19.81 billion in September 2022, and from January to September 2022, Indonesia's total imports reached USD 179.49 billion.

The mining sector recorded the highest growth, reaching 91.98% year to date, followed by the manufacturing sector, which grew 22.23%, in line with the Purchasing Managers' Index (PMI) of Indonesian manufacturing, which grew in the expansion zone by 53.7%

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 3.6 trillion, according to estimates for 2022.