Indonesia’s export declined 4.7% year-on-year to US$13.87 billion (FOB), while import declined 1.83% to US$15.03 billion (CIF). As a result, Indonesia suffered ‘trade deficit’ (not entirely goods, because of the cost of freight and insurance in the import) of US$1.16 billion. Oil and gas sector contributed US$454.8 million of ‘deficit’ despite downfall in prices.

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