Indonesia's trade deficit declined to USD 0.35 billion in April 2020 from USD 2.29 billion gap in the same month of the previous year and compared with market consensus of a USD 0.2 billion. It was the first trade gap since January, as exports and imports continued to fall as the COVID-19 pandemic disrupts global trade.Exports declined 7.02 percent over a year earlier to USD 12.19 billion, mainly due to lower sales of both oil and gas (-17.70 percent) and non-oil and gas products (-6.38 percent). Imports dropped 18.58 percent over a year earlier to USD 12.54 billion, as purchases of oil and gas plunged (-61.78 percent) while those of non-oil and gas declined (-11.24 percent). Considering the first four months of the year, the trade posted a surplus of USD 2.25 billion, shifting from a USD 2.35 billion gap in the same period 2019.

Balance of Trade in Indonesia averaged 723.33 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 June of 2020. source: Statistics Indonesia

Balance of Trade in Indonesia is expected to be 700.00 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 -200.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 300.00 USD Million in 2021 and 200.00 USD Million in 2022, according to our econometric models.

Ok
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.

Please Paste this Code in your Website
width
height
Indonesia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-344.70 715.70 4641.92 -2329.13 1960 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-17 04:00 AM Jan $-0.87B $-0.06B $-0.27B $-0.3B
2020-03-16 02:00 AM Feb $2.34B $-0.64B $0.09B $-0.2B
2020-04-15 04:00 AM Mar $0.74B $2.51B $0.76B $ 0.3B
2020-05-15 02:00 AM Apr $-0.35B $0.72B $-0.2B $-0.6B
2020-06-15 04:00 AM May $-0.35B $0.5B
2020-07-15 04:00 AM Jun $ 0.7B
2020-08-18 04:00 AM Jul
2020-09-15 04:00 AM Aug


News Stream
Indonesia Posts Trade Gap for 1st Time in 3 Months
Indonesia's trade deficit declined to USD 0.35 billion in April 2020 from USD 2.29 billion gap in the same month of the previous year and compared with market consensus of a USD 0.2 billion. It was the first trade gap since January, as exports and imports continued to fall as the COVID-19 pandemic disrupts global trade.Exports declined 7.02 percent over a year earlier to USD 12.19 billion, mainly due to lower sales of both oil and gas (-17.70 percent) and non-oil and gas products (-6.38 percent). Imports dropped 18.58 percent over a year earlier to USD 12.54 billion, as purchases of oil and gas plunged (-61.78 percent) while those of non-oil and gas declined (-11.24 percent). Considering the first four months of the year, the trade posted a surplus of USD 2.25 billion, shifting from a USD 2.35 billion gap in the same period 2019.
2020-05-15
Indonesia Posts Trade Surplus for 2nd Month
Indonesia's trade surplus inched higher to USD 0.74 billion in March 2020 from USD 0.67 billion surplus in the same month of the previous year and compared with market consensus of a USD 0.76 billion. This was the second straight month of surplus in trade balance, as exports dropped less than imports. Exports declined 0.2 percent over a year earlier to USD 14.09 billion, mainly due to lower sales of oil and gas (-34.15 percent) while non-oil and gas products rose (6.39 percent). Imports dropped 0.75 percent over a year earlier to USD 13.35 billion, as purchases of non-oil and gas declined (-5.80 percent) while those of oil and gas increased (12.18 percent). Considering the first three months of the year, the trade posted a surplus of USD 2.62 billion, shifting from a USD 0.06 billion gap in the same period 2019.
2020-04-15
Indonesia Posts Biggest Trade Surplus since 2011
Indonesia's trade surplus increased to USD 2.34 billion in February 2020 from USD 0.33 billion surplus in the same month of the previous year and compared with market consensus of a USD 0.09 billion. This was the first trade surplus since October last year and the largest since 2011, as exports unexpectedly surged 11 percent over a year earlier to USD 13.94 billion, mainly due to higher sales of non-oil and gas (14.64 percent) while oil and gas products tumbled (-26.51 percent). Imports dropped 5.11 percent over a year earlier to USD 11.60 billion, as purchases of non-oil and gas declined (-7.40 percent) while those of oil and gas rose (10.33 percent). Considering the first two months of the year, the trade posted a surplus of USD 1.70 billion, shifting from a USD 0.73 billion gap in the same period 2019.
2020-03-16
Indonesia Trade Deficit Narrows in January
Indonesia's trade deficit declined to USD 0.87 billion in January 2020 from USD 1.06 billion in the same month of the previous year and compared with market consensus of a USD 0.27 billion gap. Imports dropped 4.78 percent over a year earlier to USD 14.28 billion, as purchases of non-oil and gas declined (-7.85 percent) while those of oil and gas rose (19.95 percent). Exports unexpectedly fell 3.71 percent over a year earlier to USD 13.41 billion, mainly due to lower sales of oil and gas products (-34.7 percent) and non-oil and gas (-0.69 percent). Volatile prices of commodities such as copper and tin alongside with the stoppage of nickel ore exports affected Indonesian trade, Suhariyanto, head of the statistics bureau said.
2020-02-17

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. .