Indonesia's trade surplus narrowed to USD 2.01 billion in February of 2021 from USD 2.51 billion in the same month of the previous year and below market consensus of a USD 2.21 billion. This was the tenth straight month of surplus in trade balance, due to a further rise in exports, amid an improving global demand. Exports went up 8.56 percent over a year earlier to USD 15.27 billion, mainly due to higher sales of non-oil exports (8.67 percent), while those of oil and gas products rose by 6.90 percent. Imports jumped 14.86 percent over a year earlier to USD 13.26 billion, as purchases of non-oil and gas surged by 22.03 percent while those of oil and gas plunged (-25.37 percent). source: Statistics Indonesia

Balance of Trade in Indonesia averaged 745.44 USD Million from 1960 until 2021, 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 April of 2021.

Balance of Trade in Indonesia is expected to be 1500.00 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 2600.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 2700.00 USD Million in 2022 and 3700.00 USD Million in 2023, according to our econometric models.

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Indonesia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2010.00 1963.80 4641.92 -2329.13 1960 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-15 04:00 AM Nov $2.62B $3.58B $2.67B $2.3B
2021-01-15 02:00 AM Dec $2.1B $2.59B $2.3B $2.1B
2021-02-15 04:00 AM Jan $1.96B $2.1B $1.68B $1.8B
2021-03-15 04:00 AM Feb $2.01B $1.96B $2.21B $1.9B
2021-04-15 04:00 AM Mar $2.01B $1.64B $ 1.5B
2021-05-20 04:00 AM Apr
2021-06-15 04:00 AM May
2021-07-15 04:00 AM Jun $ 2.4B


News Stream
Indonesia Trade Surplus Narrows in February
Indonesia's trade surplus narrowed to USD 2.01 billion in February of 2021 from USD 2.51 billion in the same month of the previous year and below market consensus of a USD 2.21 billion. This was the tenth straight month of surplus in trade balance, due to a further rise in exports, amid an improving global demand. Exports went up 8.56 percent over a year earlier to USD 15.27 billion, mainly due to higher sales of non-oil exports (8.67 percent), while those of oil and gas products rose by 6.90 percent. Imports jumped 14.86 percent over a year earlier to USD 13.26 billion, as purchases of non-oil and gas surged by 22.03 percent while those of oil and gas plunged (-25.37 percent).
2021-03-15
Indonesia Trade Surplus Larger than Expected
Indonesia posted a trade surplus of USD 1.96 billion in January of 2021, shifting from a USD 0.64 billion gap in the same month of the previous year and above market consensus of a USD 1.68 billion. This was the ninth straight month of surplus in trade balance, as exports surged while imports fell, amid the coronavirus pandemic. Exports jumped 12.24 percent over a year earlier to USD 15.30 billion, mainly due to higher sales of non-oil exports (12.49 percent), while those of oil and gas products rose by 8.30 percent. Imports fell 6.49 percent over a year earlier to USD 13.34 billion, as purchases of oil and gas plunged (-21.90 percent) and those of non-oil and gas dropped by 4 percent.
2021-02-15
Indonesia Trade Surplus Smaller than Forecast
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.
2021-01-15
Indonesia Trade Balance Swings to Surplus
Indonesia posted a trade surplus of USD 2.62 billion in November 2020, shifting from a USD 1.39 billion gap in the same month of the previous year and slightly below market consensus of a USD 2.67 billion. This was the seventh straight month of surplus in trade balance, as exports jumped while imports plunged, amid the coronavirus pandemic. Exports surged 9.54 percent over a year earlier to USD 15.28 billion, mainly due to higher sales of non-oil exports (12.41 percent), while oil and gas products plunge by 26.27 percent. Imports slumped 17.46 percent over a year earlier to USD 12.66 billion, as purchases of both oil and gas (-49.16 percent) and non-oil and gas (-12.33 percent) tumbled. Considering the first eleven months of the year, the trade recorded a surplus of USD 19.66 billion, swinging from a USD 3.51 billion gap in the same period 2019.
2020-12-15

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. .