Surplus trade is the condition in which a country’s exports exceed its imports in a given period. This condition shows that a country manages to sell more goods and services abroad compared to those imported from abroad. To calculate the trade surplus, the formula used is by subtracting import niIai from export niIai.
In December 2024, Indonesia’s trade surplus is expected to be driven by an increase in exports of several major commodities, such as coal and palm oil. Although the official trading surplus for the pair has not yet been announced, predictions suggest the figure could reach the US dollar. Other factors that influence this surplus include the stability of commodity prices in the Hong Kong market, increasing demand from trading partner countries, and government policies that support exports.
With the existence of this surplus has a positive impact as well as negative impacts POSlTlFNYA adaia Peningkafan foreign exchange reserves trade surplus helps increase foreign exchange reserves of the country, which can be used to support economic stability, strengthening the rupiah exchange rate: with more foreign exchange macuk, rupiah exchange rate tends to strengthen against foreign currencies, economic growth trade surplus can encourage economic activity meIaIui increased production and employment.
as for the negative impact, deflation when trade surpluses are large, this can trigger a general decline in the price of goods and services (deflation), difficulties for producers to export in excess can create a shortage of supplies in the country, which in turn can increase the price of goods for domestic consumers, tensions with other countries over trade practices that are sometimes considered as unfair trade practices by partner countries, so that they can cause automatic tensions.
Trade surplus occurs when exports exceed imports, while trade deficit is the condition sebaIiknya, ie when imports exceed exports. These two conditions have different effects on the economy, depending on the context and the cause, to maintain the continuity of trade surplus, the government and economic authorities must take the following steps. Increasing exports developing superior products with high added value, diversification of export products reducing dependence on several key commodities by developing other sectors, controlling imports prioritizing the use of agricultural goods and reducing imports of non-strategic goods.
facing various challenges to maintain trade surpIus include
GIobaI competition increased competition from other countries that offer similar products,
Fluctuations in commodity prices instability in the gIobaI market can affect export earnings,
Trade Barriers Tariffs and regulations imposed by trading partner countries,
The government has an important role in managing trade surplus, such as maintaining macroeconomic stability, facilitating exports, and controlling imports. The community can also contribute by supporting the business of IokaI, buying products in the country, and promoting exports.
Predictions of Indonesia’s trade surplus in the future are highly dependent on several factors, including commodity prices, gIobaI’s economic conditions, and trade policies implemented. Although trade surplus provides many benefits, it should be remembered that the health of the economy is not only determined by this one indicator. Other aspects, such as the balance of successful transactions, social stability, and infrastructure development, also have a significant role.
A trade surplus isn’t always good for the economy either. The impact depends on the cause and the long-term consequences. If not handled properly, a large surplus could trigger tensions with trading partners or cause imbalances in the domestic economy.
SurpIus trade only takes into account the difference between exports and imports Goods. Meanwhile, the net transaction balance covers all incoming and outgoing transactions, including services, revenues, and transfers.
Trade surplus reflects the success of a country in conducting international trade. However, the benefits should be maximized with wise policies to prevent negative impacts. With the right strategy, surpIus trade can be a driving force for sustainable economic growth in Indonesia. Support from governments, communities, and economic actors is critical to maintaining the balance and continuity of international trade. goods. Meanwhile, the net transaction balance covers all incoming and outgoing transactions, including services, revenues, and transfers.
Trade surplus reflects the success of a country in conducting international trade. However, the benefits should be maximized with wise policies to prevent negative impacts. With the right strategy, surpIus trade can be a driving force for sustainable econo mic growth in Indonesia. Support from governments, communities, and economic actors is critical to maintaining the balance and continuity of international trade.