# trade

Trade Balance Sees $3.4B Surplus in October

In the ten months ending October, Indonesia’s trade surplus totaled $31.22 billion, down from $45.44 billion in the same period last year.
Business Nov 15, 2023 | 4:08 pm

Books, Software, and Films Priced Under $100 Exempt from Cross-border Online Trade Ban

The government has made exceptions for specific products outlined in the so-called "positive list of goods."
Business Nov 1, 2023 | 2:16 am

Made-in-Indonesia Wound Treatment Gel Makes Way to S. Korea

The first batch of delivery saw Menarini sending as many as 90,000 units of their made-in-Indonesia Dermatix gel to South Korea.
Business Oct 27, 2023 | 7:14 pm

Indonesia Posts Trade Surplus for 41 Months in A Row

Indonesia has maintained a trade surplus for 41 consecutive months, even in the face of a declining trend in export
Business Oct 16, 2023 | 2:25 pm

Trade Minister Engages with Traders After Banning Social Media Companies from E-Commerce Activities

The dispute between TikTok and the government took a new turn after a minister accused the platform of mobilizing social media influencers.
Business Sep 29, 2023 | 12:54 pm

Capital Raising at IDX Totals $10 Billion in Past 7 Months

The IDX has received 51 new members over the past seven months alone.
Business Jul 30, 2023 | 11:22 pm

Indonesia Launches Its First Crypto Bourse

The government has granted a permit to Commodity Futures Exchange (CFX) to manage the crypto asset bourse.
Tech Jul 28, 2023 | 5:10 pm

Gov’t Mulls $100 Floor Price for Cross-Border E-Commerce

Indonesian e-commerce retailers will be prohibited from facilitating cross-border trade to create a level playing field with SMEs.
Business Jul 27, 2023 | 9:38 pm

Exports Drop Due to Falling Commodity Prices: Minister

Exports to all regions in Asia have been on the rise, especially in western Asia where Indonesia’s exports jumped by nearly 75 percent.
Business Jun 17, 2023 | 6:28 pm

Indonesian Auto Sales Top 82,000 in May

Astra Group, which relies heavily on Toyota and Daihatsu vehicles, sold 46,873 cars to control 57 percent of the market share.
Business Jun 16, 2023 | 9:44 pm

UK Junior Business Minister Nusrat Ghani Visits Indonesia for Trade, Investment Talks

She will first meet Investment Minister Bahlil Lahadalia to further ambitions under the UK-Indonesia Investment Cooperation agreement.
Business May 22, 2023 | 12:55 am

Gov’t Removes Tens of Thousands of Online Second-Hand Shops

The consumer protection directorate also ordered the closure of websites belonging to five major retailers that sell used clothes.
Business May 14, 2023 | 10:44 pm

Retailers Threaten to Sue Gov’t over $23.4m Unpaid Cooking Oil Subsidies

Aprindo said the government owes palm oil producers Rp 344 billion ($23.4 million) in unpaid subsidies since early last year.
Business May 6, 2023 | 11:54 am

Police to Enforce Used Clothing Import Ban at Entry Gates

Police are collaborating with the Customs and Excise Directorate to cut off imports of second-hand products.
Business Mar 18, 2023 | 10:33 pm

Sritex CEO Compares Used Clothing Imports to Buying Rubbish

Indonesia could end up a waste dump unless used clothing imports are banned entirely.
Business Mar 16, 2023 | 11:28 pm

President Orders Crackdown on Used Clothing Imports

Industry Minister Agus Gumiwang said the ban on the import of second-hand products has been expanded beyond apparel and footwear.
Business Mar 15, 2023 | 10:37 pm

Illegal Clothing Imports Top $2 billion in Value: Association

Another tactic used by smugglers is to send used clothes to neighboring Timor Leste before smuggling them to eastern Indonesia.
Business Mar 15, 2023 | 12:11 am

Indonesia Enjoys Trade Surplus in 33 Straight Months

China is Indonesia’s biggest destination for non-oil and gas exports, amounting to $5.25 billion or 25.2 percent of overall exports.
Business Feb 15, 2023 | 11:01 pm

Indonesia Seeks to Boost Bilateral Trade with Saudi Arabia

The bilateral trade volume was valued at around $7 billion last year, with a deficit of $3 billion on the Indonesian side.
Business Jan 23, 2023 | 8:42 pm