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.