China Boosts Indonesian Exports: Significant Value Increase.

BPS has announced a notable surge in non-migration exports to China, with a 25.5% growth in September 2024, outperforming other countries including ASEAN, America, Europe, and Japan. The total value of non-migration exports to China increased by 3.5% in September 2023, compared to an increase of 6.27% in September 2022. The three primary export destinations are China, the United States, and Japan. The situation in China is due to a weakening consumer price index (CPI) and inflation. The inflation rate fell by 0.6% in August 2024 and by 0.1% in February 2021. This data underscores the necessity for domestic stimulus measures prior to the government's implementation of economic growth-oriented stimulus measures.

Ekonomi China Lesu, Ekspor Nonmigas RI Tetap Tumbuh September 2024 (bisnis.com)

Indonesia Trade Surplus with Three Asian Countries.

In September 2024, Indonesia, India, and the Philippines emerged as the three largest exporting countries for Indonesia, according to data from the Central Bureau of Statistics (BPS). The estimated trade surplus between these three countries is $1.39 billion, with India at $0.94 billion and the Philippines at $0.78 billion. This surplus is primarily attributable to the production of energy and electricity and related goods. Other notable surplus goods include raw materials, raw materials, raw materials, and raw materials. Furthermore, BPS has identified three exporting countries in September 2024: China ($0.63 billion), Australia ($0.37 billion), and Thailand ($0.32 billion). It is anticipated that the trade surplus between these countries will reach $3.26 billion.
AS hingga India jadi Penyumbang Surplus Terbesar RI per September 2024 (bisnis.com)

Citi Research Predicts Oil Price Increase: OPEC Agrees.

Citi Research anticipates a bullish outlook for oil prices in the fourth quarter of 2024 and the first quarter of 2025, with an estimated price rise to US$120 per barrel and US$65 per barrel, respectively. However, the price of Brent is projected to reach US$77 per barrel in September, while Brent is anticipated to be at US$74 per barrel. The price of oil is projected to increase by 20% in Q4 2024 and by $55/bbl in Q2 2025. In a recent report, OPEC (the Organization of the Petroleum Exporting Countries) revised its forecast for oil production in 2024 and 2025, predicting a global production increase of 1.93 billion barrels per day. China is expected to increase production by 580,000 barrels per day in 2024, in line with OPEC forecasts. Additionally, the company anticipates a 1.64 billion barrel per day increase in global oil production by 2025.
Waduh, Konflik Timur Tengah Bisa Bikin Harga Minyak Tembus US$120 per Barel (bisnis.com)