Tuesday, 18 March 2025 14:11

In February, Exports Increased Significantly, Driven by CPO

In February 2025, the export performance figure increased significantly by 14.05% year-on-year (y-o-y) reaching a total export value of USD 21.98 billion or IDR 360 trillion, driven by an increase in crude palm oil export volume by 89.54% y-o-y. Compared to January 2025, the export performance figure increased by 2.58%. Conversely, coal exports experienced a contraction of 19.73% year-on-year, attributable to the sustained normalisation of coal prices. Bank Permata Chief Economist Josua Pardede projects that in 2025, Indonesia's current account deficit (CAD) is poised to widen to 1.18% of GDP, primarily due to the ongoing trade war and its projected impact. Furthermore, Joshua Pardede has evaluated that a widening CAD could restrict the possibility of a reduction in Bank Indonesia's benchmark interest rate, considering the global uncertainty affecting capital inflows. This emphasises the significance of monetary policy in stabilising the Indonesian rupiah and moderating imported inflation.

Source: https://mediaindonesia.com/ekonomi/752863/kinerja-ekspor-februari-melesat-didorong-cpo

 

 

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