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.