Indonesia's trade deficit widened to USD 1.10 billion in December 2018 from USD 0.24 billion in the same month a year earlier and worse than market consensus of a USD 0.93 billion gap. It was the third straight month of trade gap, as exports dropped 4.64 percent year-on-year while imports increased 1.16 percent. Balance of Trade in Indonesia averaged 741.19 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.

Balance of Trade in Indonesia is expected to be -300.00 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 431.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 300.00 USD Million in 2020, according to our econometric models.

Indonesia Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-15 04:00 AM Balance of Trade $0.23B $-0.94B $-0.5B $ 0.3B
2018-11-15 04:00 AM Balance of Trade $-1.82B $0.31B $-0.17B $ -1.7B
2018-12-17 04:00 AM Balance of Trade $-2.05B $-1.77B $-0.83B $ -1.6B
2019-01-15 04:00 AM Balance of Trade $-1.1B $-1.97B $-0.93B $0.9B
2019-02-15 04:00 AM Balance of Trade $-1.1B
2019-03-15 04:00 AM Balance of Trade
2019-04-15 04:00 AM Balance of Trade

Indonesia December Trade Gap Larger than Expected

Indonesia's trade deficit widened to USD 1.10 billion in December 2018 from USD 0.24 billion in the same month a year earlier and worse than market consensus of a USD 0.93 billion gap. It was the third straight month of trade gap, as exports dropped while imports increased.

Imports rose 1.16 percent from a year earlier to USD 15.28 billion in December, following an upwardlly revised 11.83 percent rise in the prior month and below expectations of a 6.60 percent increase. Purchases of non-oil and gas went up 6.16 percent to USD 13.31 billion while those of oil and gas plunged by 23.33 percent to USD 1.87 billion.

Compared to the prior month, imports dropped by 9.60 percent, with purchases of non-oil and gas decreased 5.14 percent while those of oil and gas tumbled by 31.45 percent. Imports went down for raw material (-13.49 percent) while those increased for both capital goods (3.36 percent) and consumption goods (1.86 percent). Among major trading partners, imports decreased from: the US (-6.26 percent); Japan (-13.26 percent); Taiwan (-11.76 percent); South Korea (-14.06 percent); Singapore (-3.12percent); Thailand (-13.34 percent); Germany (-15.61 percent); the Netherlands (-6.58 percent); Malaysia (-15.61 percent); Australia (-39.68 percent), and Italy (-21.35 percent).On the other hand, imports increased to China (5.80 percent); India (11.31 percent).
Exports unexpectedly fell 4.62 percent from a year earlier to USD 14.18 billion, missing market consensus of a 1.81 percent rise and after a downwardly revised 2.80 percent drop in the prior month. Sales of non-oil and gas products dropped by 7.01 percent to USD 12.43 billion while those of oil and gas rose by 16.70 percent to USD 1.75 billion. 
Compared to the previous month, exports declined 4.89 percent, as non-oil and gas products went down by 8.15 percent while sales oil and gas jumped by 27.34 percent. By categories, outbound shipments fell for: animal/vegetables oils and fats (-4.27 percent); mineral fuel (-6.86 percent); vehicles and parts (-11.93 percent); ore, metal crust and metal ash (-56.25 percent); and iron and steel (-22.68 percent).By contrast, sales increased for:  jewelery (27.41 percent); pulp (27.12 percent);apparel not knitted (9.63 percent); kintted goods (8.05 percent), and tin (50.92 percent).
Sales fell to: China (-17.95 percent); Japan (-14.60 percent); South Korea (-3.37 percent); Germany (-7.83 percent); Australia (-6.08 percent); Malaysia (-24.38 percent); India (-2.83 percent); and Thailand (-24.76 percent). Meanwhile, sales increased to the US (1.99 percent); Taiwan (5.99 percent); Singapore (8.52 percent); Italy (94.65 percent), and the Netherlands (7.95 percent).
Considering January to December, the trade balance recorded a deficit of USD 8.57 billion, compared with a surplus of USD 11.84 billion in the same period of 2017.


Statistics Indonesia l Chusnul Ch Manan |
1/15/2019 5:50:03 AM

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -1102.00 -1996.00 4641.92 -2329.13 USD Million [+]
Current Account -8846.10 -7977.50 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.70 -1.80 4.80 -6.80 percent [+]
Imports 15279.30 16901.80 18297.10 21.00 USD Million [+]
Exports 14177.30 14905.80 18647.83 30.00 USD Million [+]
External Debt 359793.63 355740.40 359793.63 119594.10 USD Million [+]
Terms of Trade 106.37 114.07 117.70 77.43 Index Points [+]
Foreign Direct Investment 89.10 95.70 112.00 35.40 IDR Trillion [+]
Remittances 2711.00 2802.00 2802.00 1202.00 USD Million [+]
Tourist Arrivals 1148644.00 1294463.00 1536489.00 548821.00 [+]
Gold Reserves 78.50 80.60 96.45 73.09 Tonnes [+]
Crude Oil Production 787.00 787.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1102.00 -1996.00 4641.92 -2329.13 1960 - 2018 USD Million Monthly

Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 3799.41 Nov/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18