The Export Destinations Country In The Resesi Ambang, RI Kudu Piye?

Illustration (Photo: Doc. Antara)

JAKARTA Indonesia's export performance, which has continued to record positive results in recent times, is suspected to be facing a fairly serious threat. The reason is, foreign trade moncer book cannot be separated from the high demand for partner countries.

This was revealed by the Minister of Finance (Menkeu) Sri Mulyani when giving an explanation of the realization of the state budget for the period August 2022. According to her, the condition of many countries, especially developed countries, is being faced with an economic slowdown.

Due to this situation, it is certain that the need for supporting goods for production will decline. This is clearly a separate scourge for Indonesia to be able to maintain the slick momentum of the export sector.

Export performance has been very good so far, but we must also not be complacent because exports are certainly greatly influenced by destination countries. On the other hand, this destination country has now begun to experience economic weakening," he said earlier this week.

The Minister of Finance explained that several of Indonesia's main trading partners such as China, the United States and Germany recorded a correction to the bottom of economic growth.

The trend of weakening growth has been seen in the second quarter and will continue in the fourth quarter. Thus, predictions about the weakening of the economy this year and next year, including the recession, have begun to emerge," he said.

For information, Indonesia's export performance in August 2022 was US$27.9 billion. This figure is the highest monthly export value in history.

The score also increased 9.17 percent month to month (mtm), rose 32.77 percent year on year (yoy), and shot up 35.42 percent year to date (ytd).

Meanwhile, on the import side, it is known that 22.15 billion US dollars are dominated by raw materials and capital goods.

Thus, thanks to the brilliant export performance, the trade balance until August 2022 was a surplus of 5.76 billion dollars. This result extends the surplus record for the 28 consecutive months that Indonesia has achieved.