Indonesia posted a trade surplus of USD 2.10 billion in December 2020, shifting from a USD 0.08 billion gap in the same month of the previous year but below market consensus of a USD 2.3 billion. This was the eighth straight month of surplus in trade balance, as exports surged while imports fell, amid the coronavirus pandemic. Exports jumped 14.63 percent over a year earlier to USD 16.54 billion, mainly due to higher sales of non-oil exports (16.73 percent), while those of oil and gas products slumped by 10.10 percent. Imports fell 0.47 percent over a year earlier to USD 14.44 billion, as purchases of oil and gas plunged (-30.54 percent) while those of non-oil and gas increased (4.71 percent) For the whole year of 2020, the trade recorded a surplus of USD 21.74 billion, swinging from a USD 3.59 billion gap in 2019. This was the largest trade surplus since 2011 when the trade balance posted a surplus of USD 26.06 billion. source: Statistics Indonesia
Balance of Trade in Indonesia averaged 742.06 USD Million from 1960 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Balance of Trade in Indonesia is expected to be 2100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Indonesia to stand at 300.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 300.00 USD Million in 2022 and 1200.00 USD Million in 2023, according to our econometric models.