JAKARTA, Aug 1: Indonesia said on Wednesday it recorded an all-time trade deficit in June, and that ongoing global worries might result in a full-year trade deficit for the Southeast Asian country.

June’s data released by the Central Statistics Agency showed a deficit of $1.3 billion, Dow Jones Newswires reported. “We’ve never recorded a deficit this huge, even during crises,” Satwiko Darmesto, a director with the Central Statistics Agency, was quoted as saying.

“We may post an annual trade deficit this year due to the impact of eurozone (worries) and the situation in China and India,” he added.

During the 2008-2009 global economic slowdown, Indonesia’s exports were supported by demand from Asian giants such as China and India. This year, however, demand from both countries has slowed.

“The trade-deficit figure is a worrying one, but the biggest worry would be if the data shows China’s demand significantly slowed,” Bank Danamon economist Anton Hendranata said.—AFP

Opinion

Editorial

GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...
Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...