Indonesia Balance of Trade  1960-2018 | Data | Chart | Calendar | Forecast

Indonesia posted a trade deficit USD 1.02 billion in August 2018, swinging from a USD 1.68 billion surplus in the same month a year earlier, compared to market consensus of a USD 0.68 billion gap. It was the second straight month trade gap, as imports jumped 24.65 percent to USD 16.84 billion, below forecasts of a 26.53 percent gain. Meantime, exports rose at a softer 4.15 percent to USD 15.82 billion, far below expectations of 10.03 percent rise. Balance of Trade in Indonesia averaged 751.81 USD Million from 1960 until 2018, reaching an all time high of 4641.92 USD Million in December of 2006 and a record low of -2329.13 USD Million in July of 2013.

Indonesia Balance of Trade
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Indonesia Trade Balance Swings to Deficit in August

Indonesia posted a trade deficit USD 1.02 billion in August 2018, swinging from a USD 1.68 billion surplus in the same month a year earlier, compared to market consensus of a USD 0.68 billion gap. It was the second straight month trade gap, mainly due to a surge in imports.

Imports surged 24.65 percent from a year earlier to USD 16.84 billion in August, following a marginally revised 31.73 percent rise in the prior month and below expectations of a 26.53 percent increase. Purchases of non-oil and gas rose 19.97 percent to USD 13.79 billion while those of oil and gas surged by 51.43 percent to USD 3.05 billion.

Compared to the prior month, imports tumbled by 7.97 percent, with purchases of non-oil and gas slumping 11.79 percent while those of oil and gas increasing by 14.50 percent. Imports went down for all categories: raw material (-7.60 percent); capital goods (-8.98 percent), and consumption goods (-9.19 percent). Among major trading partners, imports declined from: China (-7.39 percent); the US (-23.58 percent); Japan (-15.94 percent); Taiwan (-16.39 percent); South Korea (-15.27 percent); Singapore (-10.34 percent); Thailand (-5.89 percent); Malaysia (-18.61 percent); Germany (-16.80 percent); Italy (-32.50 percent); and the Netherlands (-49.40 percent). By contrast, imports rose to Australia (2.61 percent), and India (4.69 percent).

Exports increased at a softer 4.15 percent from a year earlier to USD 15.82 billion, far below market consensus of a 10.03 percent rise and after a marginally revised 19.68 percent growth in the prior month. Sales of non-oil and gas products went up by 3.43 percent to USD 14.43 billion while those of oil and gas increased by 12.24 percent to USD 1.38 billion. 
Compared to the previous month, exports fell 2.90 percent, as non-oil and gas products dropped by 2.86 percent and sales oil and gas declined by 3.27 percent. By categories, outbound shipments decreased for: rubber and rubber goods (-776 percent); mineral fuel (-16.25 percent); various chemical products (-7.53 percent); ore, metal crust and metal ash (-11.71 percent); and paper/carton (-9.23 percent). In contrast, sales went up for: electric machinery and equipment (3.47 percent); animal fats and oils (3.47 percent); iron and steel (6.20 percent); tin (20.94 percent), and knitted goods (5.59 percent). Sales went down to: China (-3.81 percent); Japan (-6.82 percent); South Korea (-10.29 percent); India (-0.61 percent); Thailand (-10.24 percent); Taiwan (-6 percent); Singapore (-9.42 percent); and Italy (-5.76 percent). By contrast, sales rose to the US (2.36 percent); Australia (3.73 percent); Malaysia (7.33 percent); Germany (4.02 percent), and the Netherlands (6.65 percent).

Considering January to August, the trade balance posted a deficit of USD 4.09 billion, compared with a surplus of USD 9.07 billion in the same period of 2017.

Statistics Indonesia l Chusnul Ch Manan|
9/17/2018 8:28:16 AM

Calendar GMT Actual Previous Consensus TEForecast
2018-07-16 04:00 AM Balance of Trade $1.74B $-1.45B $0.65B $ 0.73B
2018-08-15 04:00 AM Balance of Trade $-2.03B $1.71B $-0.6B $ 1.3B
2018-09-17 04:00 AM Balance of Trade $-1.02B $-2.01B $-0.68B $ -0.7B
2018-10-16 04:00 AM Balance of Trade $-1.02B $ 0.3B
2018-11-15 04:00 AM Balance of Trade $ -1.7B
2018-12-14 04:00 AM Balance of Trade $ -2.6B

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -1021.40 -2006.90 4641.92 -2329.13 USD Million [+]
Exports 15818.10 16290.20 18647.83 30.00 USD Million [+]
Imports 16839.50 18297.10 18297.10 21.00 USD Million [+]
Current Account -8028.00 -5717.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.70 -1.80 4.80 -6.80 percent [+]
External Debt 352246.73 316968.36 352246.73 132629.00 USD Million [+]
Terms of Trade 111.71 111.61 117.70 77.43 Index Points [+]
Foreign Direct Investment 95.70 108.90 112.00 35.40 IDR Trillion [+]
Remittances 2636.30 2222.70 2636.30 1202.00 USD Million [+]
Tourist Arrivals 1536489.00 1318094.00 1536489.00 548821.00 [+]
Gold Reserves 80.60 80.60 96.45 73.09 Tonnes [+]
Crude Oil Production 779.00 777.00 1720.00 764.00 BBL/D/1K [+]
Terrorism Index 4.55 4.43 6.55 3.92 [+]
Weapons Sales 102.00 94.00 102.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Indonesia Balance of Trade

Since the 1970’s Indonesia has been recording consistent trade surpluses due to robust exports growth. However, from 2012 to 2014 the country started recording trade deficits, as exports shrank due to slowdown in the global economy and fall in commodity prices. In 2015, trade balance swang again to surplus due to almost 20 percent fall in imports. In recent years, the biggest trade deficits were recorded with China, Thailand, Japan, Germany and South Korea. Indonesia records trade surpluses mainly with India, United States, and Malaysia. . This page provides the latest reported value for - Indonesia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1021.40 -2006.90 4641.92 -2329.13 1960 - 2018 USD Million Monthly

balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18