Indonesia revises trade data schedule amid crucial US tariff window
Inflation and trade data will now be released together at the beginning of each month, instead of mid-month. This means the May trade figures will not be published until early July.
'This adjustment aims to improve data quality,' the agency said in a statement.
The announcement of the delay comes at a sensitive time. Indonesia is currently within a critical 90-day window following the US decision to impose a 32 per cent reciprocal tariff on select Indonesian products, a period during which timely trade data could prove crucial for assessing potential impacts and shaping policy responses.
However, David Sumual, chief economist at Bank Central Asia, said the revised release schedule is unlikely to have an immediate or significant impact on investor sentiment, even with the longer lag in trade data.
'At the moment, external factors are playing a bigger role in driving the market,' he told The Business Times.
This isn't the first time the agency has restructured its reporting cadence. In the past, trade data was released on a bi-monthly basis before shifting to monthly updates in pursuit of more precise economic tracking.
Indonesia's trade surplus likely narrowed to around US$2.75 billion in April, according to a Reuters poll, as both exports and imports continued to grow despite mounting concerns over the impact of US trade policy.
The softer surplus follows a stronger-than-expected US$4.33 billion surplus in March, driven by robust shipments of palm oil and nickel, which were in turn bolstered by exporters rushing to get ahead of the implementation of new US tariffs.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
2 hours ago
- Straits Times
EU's von der Leyen says will meet Trump on Sunday to discuss trade
FILE PHOTO: U.S. President Donald Trump attends a bilateral meeting with European Commission President Ursula von der Leyen during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Jonathan Ernst//File Photo BRUSSELS - EU Commission President Ursula von der Leyen on Friday said she will meet U.S. President Donald Trump in Scotland on Sunday to discuss trade relations between the European Union and the United States. "Following a good call with @POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong," von der Leyen said in a post on X. Trump on Friday said there was a 50-50 chance or perhaps less that the United States would reach a trade agreement with the European Union, saying Brussels wanted to "make a deal very badly". The European Commission on Thursday said a negotiated trade solution with the United States was within reach, even as EU members voted to approve counter-tariffs on 93 billion euros ($109.01 billion) of U.S. goods in case the talks collapse. REUTERS

Straits Times
3 hours ago
- Straits Times
Brazil scrambles as U.S. tariff deadline looms, talks stall
Find out what's new on ST website and app. A 3D-printed miniature model of U.S. President Donald Trump, the Brazil flag and the word \"Tariffs\" are seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration SAO PAULO - Brazil is scrambling to avert punishing 50% U.S. tariffs in a week's time, but high level talks are stalled and U.S. companies are reluctant to confront U.S. President Donald Trump over the issue, officials and industry leaders say. Trump linked the tariffs, which he has said would come into effect on Aug. 1, to Brazil's treatment of former President Jair Bolsonaro, who is on trial over charges of plotting a coup to stop President Luiz Inacio Lula da Silva from taking office. Lula has called the threatened duty "unacceptable blackmail." No new diplomatic talks have occurred since last month, and a Brazilian counter-proposal sent in May went unanswered, two diplomats with knowledge of the matter told Reuters. Brazilian Vice-President Geraldo Alckmin told reporters on Thursday that he reiterated the country's willingness to negotiate in a Saturday discussion with U.S. Secretary of Commerce, Howard Lutnick. The lack of communication has left Brazil with dwindling options as the deadline approaches. "If he wanted to talk, he would pick up the phone and call me," Lula said of Trump at an event on Thursday. The White House didn't immediately respond to a request for comment. Top stories Swipe. Select. Stay informed. Singapore SMRT to pay lower fine of $2.4m for EWL disruption; must invest at least $600k to boost reliability Singapore MRT service changes needed to modify 3 East-West Line stations on Changi Airport stretch: LTA Singapore S'pore could have nuclear energy 'within a few years', if it decides on it: UN nuclear watchdog chief Asia Live: Thailand-Cambodia border clashes continue for second day Life 'Do you kill children?': Even before independence, S'pore has always loved its over-the-top campaigns Singapore Lung damage, poor brain development, addiction: What vaping does to the body Singapore Fine for couple whose catering companies owed $432,000 in salaries to 103 employees Singapore Kopi, care and conversation: How this 20-year-old helps improve the well-being of the elderly Negotiations are complicated by U.S. concerns over the prosecution of Bolsonaro, a Trump ally, one diplomat said, calling it a major roadblock. Trump announced the proposed 50% tariffs on Brazil on July 9 despite a U.S. trade surplus with the country - lining it up for one of the world's very highest such levies, close to China's 55% rate. In a series of 18 meetings, Alckmin has urged representatives from U.S. firms including General Motors, John Deere and Alphabet Inc to press Washington on the issue. However, the companies are reluctant to confront Trump for fear of retaliation, according to a government official and Ricardo Alban, president of Brazil's main industry lobby, CNI. "Things are very tense," Alban told reporters on Thursday. Also on Thursday, a group of Democratic senators condemned the tariffs on Brazil as a "clear abuse of power" in a letter to Trump. The tariffs could have a severe economic impact. The CNI estimates over 100,000 Brazilian jobs could be lost, potentially trimming 0.2% from the country's gross domestic product. The country's powerful agribusiness lobby, CNA, projects the value of its U.S. exports could fall by half. Alban said the potential blow to exporters could be worse than the COVID-19 pandemic, adding that business leaders are asking the government for aid, suggesting new credit lines. In response, some companies are already adjusting their trade strategies. Motor maker WEG is considering a plan to use its plants in Mexico and India to supply the U.S., its chief financial officer told analysts. Meat exporter Naturafrig Alimentos has begun redirecting shipments to other countries, according to commercial director Fabrizzio Capuci. Other companies are turning to the courts. Orange juice producer Johanna Foods, for example, has sued the Trump administration over the proposed tariffs. Companies in sectors ranging from steel to chemicals are also facing export contract cancellations, according to one advisor who asked not to be named. Abiquim, an association that represents chemical companies in Brazil, confirmed cancellations due to the threat of tariffs, without naming the companies affected. A lobby group representing steel companies declined to comment. REUTERS

Straits Times
3 hours ago
- Straits Times
Brazil scrambles as US tariff deadline looms, talks stall
Find out what's new on ST website and app. A 3D-printed miniature model of U.S. President Donald Trump, the Brazil flag and the word \"Tariffs\" are seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration SAO PAULO - Brazil is scrambling to avert punishing 50% U.S. tariffs in a week's time, but high level talks are stalled and U.S. companies are reluctant to confront U.S. President Donald Trump over the issue, officials and industry leaders say. Trump linked the tariffs, which he has said would come into effect on Aug. 1, to Brazil's treatment of former President Jair Bolsonaro, who is on trial over charges of plotting a coup to stop President Luiz Inacio Lula da Silva from taking office. Lula has called the threatened duty "unacceptable blackmail." No new diplomatic talks have occurred since last month, and a Brazilian counter-proposal sent in May went unanswered, two diplomats with knowledge of the matter told Reuters. Brazilian Vice-President Geraldo Alckmin told reporters on Thursday that he reiterated the country's willingness to negotiate in a Saturday discussion with U.S. Secretary of Commerce, Howard Lutnick. The lack of communication has left Brazil with dwindling options as the deadline approaches. "If he wanted to talk, he would pick up the phone and call me," Lula said of Trump at an event on Thursday. The White House didn't immediately respond to a request for comment. Top stories Swipe. Select. Stay informed. Singapore SMRT to pay lower fine of $2.4m for EWL disruption; must invest at least $600k to boost reliability Singapore MRT service changes needed to modify 3 East-West Line stations on Changi Airport stretch: LTA Singapore S'pore could have nuclear energy 'within a few years', if it decides on it: UN nuclear watchdog chief Asia Recap: Evacuees recount explosions and separations as Thai-Cambodia clashes continue for second day Life 'Do you kill children?': Even before independence, S'pore has always loved its over-the-top campaigns Singapore Lung damage, poor brain development, addiction: What vaping does to the body Singapore Fine for couple whose catering companies owed $432,000 in salaries to 103 employees Singapore Kopi, care and conversation: How this 20-year-old helps improve the well-being of the elderly Negotiations are complicated by U.S. concerns over the prosecution of Bolsonaro, a Trump ally, one diplomat said, calling it a major roadblock. Trump announced the proposed 50% tariffs on Brazil on July 9 despite a U.S. trade surplus with the country - lining it up for one of the world's very highest such levies, close to China's 55% rate. In a series of 18 meetings, Alckmin has urged representatives from U.S. firms including General Motors, John Deere and Alphabet Inc to press Washington on the issue. However, the companies are reluctant to confront Trump for fear of retaliation, according to a government official and Ricardo Alban, president of Brazil's main industry lobby, CNI. "Things are very tense," Alban told reporters on Thursday. Also on Thursday, a group of Democratic senators condemned the tariffs on Brazil as a "clear abuse of power" in a letter to Trump. The tariffs could have a severe economic impact. The CNI estimates over 100,000 Brazilian jobs could be lost, potentially trimming 0.2% from the country's gross domestic product. The country's powerful agribusiness lobby, CNA, projects the value of its U.S. exports could fall by half. Alban said the potential blow to exporters could be worse than the COVID-19 pandemic, adding that business leaders are asking the government for aid, suggesting new credit lines. In response, some companies are already adjusting their trade strategies. Motor maker WEG is considering a plan to use its plants in Mexico and India to supply the U.S., its chief financial officer told analysts. Meat exporter Naturafrig Alimentos has begun redirecting shipments to other countries, according to commercial director Fabrizzio Capuci. Other companies are turning to the courts. Orange juice producer Johanna Foods, for example, has sued the Trump administration over the proposed tariffs. Companies in sectors ranging from steel to chemicals are also facing export contract cancellations, according to one advisor who asked not to be named. Abiquim, an association that represents chemical companies in Brazil, confirmed cancellations due to the threat of tariffs, without naming the companies affected. A lobby group representing steel companies declined to comment. REUTERS