Indonesia posted a trade surplus of USD 2.44 billion in September 2020, swinging from a USD 0.2 billion gap in the same month of the previous year and beating market consensus of a USD 1.98 billion surplus. This was the fifth straight month of surplus in trade balance, mainly due to a plunge in imports, amid the coronavirus pandemic. Exports fell 0.51 percent over a year earlier to USD 14.01 billion, mainly due to lower sales of oil and gas products (-12.44 percent), while non-oil exports rose (0.21 percent). Imports tumbled 18.88 percent over a year earlier to USD 11.57 billion, as purchases of both oil and gas (-26.31 percent) and non-oil and gas (-17.94 percent) plunged. Considering the first nine months of the year, the trade recorded a surplus of USD 13.51 billion, shifting from a USD 2.24 billion gap in the same period 2019.
Balance of Trade in Indonesia averaged 733.78 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 October of 2020. source: Statistics Indonesia
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 -100.00 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 1200.00 USD Million in 2022, according to our econometric models.