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.

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Indonesia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2437.50 2353.40 4641.92 -2329.13 1960 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 04:30 AM Jun $1.27B $2.16B $1.11B $ 0.7B
2020-08-18 04:00 AM Jul $3.26B $1.25B $0.68B $0.9B
2020-09-15 04:00 AM Aug $2.33B $3.24B $2.16B $2.5B
2020-10-15 04:00 AM Sep $2.44B $2.35B $1.98B $1.7B
2020-11-16 02:00 AM Oct $2.44B
2020-12-15 04:00 AM Nov


News Stream
Indonesia Trade Surplus Larger than Estimated
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.
2020-10-15
Indonesia Trade Surplus Larger than Expected
Indonesia’s trade surplus widened to USD 2.33 billion in August 2020 from USD 0.09 billion in the same month of the previous year and beating market consensus of a USD 2.16 billion surplus. This was the fourth straight month of surplus in trade balance, as exports dropped less than imports, amid the coronavirus pandemic. Exports fell 8.36 percent over a year earlier to USD 13.07 billion, mainly due to lower sales of both non-oil (-7.16 percent) and oil and gas products (-27.45 percent). Imports tumbled 24.19 percent over a year earlier to USD 10.74 billion, as purchases of both oil and gas (-41.75 percent) and non-oil and gas (-21.91 percent) plunged. Considering the first eight months of the year, the trade recorded a surplus of USD 11.05 billion, shifting from a USD 2.06 billion gap in the same period 2019.
2020-09-15
Indonesia Trade Surplus Largest Since 2011
Indonesia posted a trade surplus of USD 3.26 billion in July 2020 , swinging from USD 0.28 billion gap in the same month of the previous year and beating market consensus of a USD 0.68 billion surplus. This was the third straight month of surplus in trade balance and the largest surplus since August 2011, as exports dropped less than imports, amid the coronavirus pandemic. Exports fell 9.90 percent over a year earlier to USD 13.73 billion, mainly due to lower sales of both non-oil (-5.87 percent) and oil and gas products (-49.69 percent). Imports tumbled 32.55 percent over a year earlier to USD 10.47 billion, as purchases of both oil and gas (-45.19 percent) and non-oil and gas (-30.95 percent) plunged. Considering the first seven months of the year, the trade recorded a surplus of USD 8.75 billion, shifting from a USD 2.15 billion gap in the same period 2019.
2020-08-18
Indonesia Trade Surplus Widens in June
Indonesia's trade surplus increased to USD 1.27 billion in June 2020 from USD 0.30 billion in the same month of the previous year and beating market consensus of a USD 1.11 billion surplus, as exports rose while imports fell, amid the coronavirus pandemic. Exports rose 2.28 percent over a year earlier to USD 12.03 billion, mainly due to higher sales of non-oil (3.63 percent) while those of oil and gas products plunged (-18.52 percent). Imports dropped 6.36 percent over a year earlier to USD 10.76 billion, as purchases of oil and gas slumped (-60.47 percent) while those of non-oil and gas rose (3.12 percent). Considering the first half of the year, the trade recorded a surplus of USD 5.50 billion, swinging from a USD 1.87 billion gap in the same period 2019.
2020-07-15

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. .