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Indonesia’s trade deficit narrows as non-oil exports offset imports
UOB economists flagged near-term twin-deficit risks across the current account and fiscal balance, even as they expect longer-term support from downstream industrialization and energy-security initiatives.
FXStreet cited UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen as reviewing Indonesia’s June 2026 trade data, saying the trade deficit narrowed because stronger non-oil and gas exports partially offset rapid import growth.
They also pointed to emerging near-term risks that could affect Indonesia’s external position more broadly, describing “twin-deficit” concerns involving the current account and the fiscal balance.
Looking beyond the near term, UOB argued that downstream industrialisation and energy-security initiatives should help support longer-run external sustainability, according to FXStreet.