Jakarta, CNBC Indonesia- Indonesia’s trade balance surplus in September 2023 is expected to shrink to around USD 2.27 billion in line with weakening commodity prices and the economic slowdown of Indonesia’s trading partner countries.

Apart from economic pressure, the issue of the weakening of the Rupiah exchange rate is putting pressure on the trade balance surplus. Meanwhile, the Head of GAPKI’s Foreign Affairs Division, Fadhil Hasan, views that the issue of the export performance of Indonesia’s main commodities such as CPO is still closely related to demand.

On the other hand, Head of Industry & Regional Research at Bank Mandiri, Dendi Ramdani, assessed that the pressure on the trade balance surplus was caused more by pressure on the prices of mainstay commodities, where only the nickel sector had positive prices.

What is the impact of global pressures related to the Rupiah and commodity prices on Indonesia’s trade balance? For complete details, see Andi Shalini’s dialogue with the Head of GAPKI’s Foreign Affairs Division, Fadhil Hasan and the Head of Industry & Regional Research at Bank Mandiri, Dendi Ramdani in Squawk Box, CNBC Indonesia (Monday, 16/10/2023)