Volatility of Indonesia's Foreign Exchange Reserves from the Viewpoint of Transaction Growth Export and Import Before and After the Covid-19 Pandemic


  • Denny Saputera ,Rina Arianthi Dewi ,Windy Dermawan ,Gugup Tugi Phihatma


Foreign Exchange Reserves, Export, Import, Covid-19 Pandemic


In the growth of trade in the country, one of the indicators that can strengthen or weaken trade, be it in trade transactions or the growth of the economy can be seen from the source of foreign exchange reserves it has, where the more countries have foreign assets, the more ready the country is to enter into foreign exchange. facing an economic crisis. In order to maintain the condition of foreign exchange reserves at a safe level, it is necessary to know the factors that affect foreign exchange reserves including Exports, Imports in which Commodities from the Oil and Gas sector and from the Non-Oil and Gas sector are very important and affect economic growth in Indonesia. The research design used a qualitative descriptive research design. Throughout 2019 the oil and gas sector in Indonesia experienced a deficit then the non-oil and gas sector was also affected by a deficit, the non-oil and gas contribution made Indonesia's balance of payments positive (surplus) in 2019, in 2020 the oil and gas sector experienced a deficit with an average of US$ 498 million for the current year, strengthening 39 ,1% the highest deficit value at the beginning of the year in January of US$ 1,170.9 million, then in the non-oil and gas sector the highest surplus was in October with a nominal value of US$ 4,041.7 million and the lowest (deficit) in April with a nominal value of US$ 81.7 million. countries affected by the spread of the Covid-19 pandemic, where all ongoing activities can be hampered due to limited mobility in carrying out activities.