Indonesia's trade surplus notably surged to USD 3.89 billion in December 2022 from USD 1 billion in the same month of the previous year, compared to market expectations of a gain of USD 4.01 billion, as exports grew while imports dropped. Shipments rose 6.58 percent from a year earlier to USD 23.83 billion, the 25th straight month of increase, amid solid global demand. Meanwhile, imports dropped 6.61 percent year-on-year, the largest drop in two years, to a six-month low of USD 19.94 billion, the second straight month of decline, amid the weakness in the rupiah. For the whole year of 2022, the trade surplus surged to USD 54.46 billion from USD 36.42 billion in the corresponding period in 2021. source: Statistics Indonesia

Balance of Trade in Indonesia averaged 836.85 USD Million from 1960 until 2022, reaching an all time high of 7564.84 USD Million in April of 2022 and a record low of -2331.12 USD Million in April of 2019. 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 February of 2023.

Balance of Trade in Indonesia is expected to be 2900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Balance of Trade is projected to trend around 6950.00 USD Million in 2024 and 5000.00 USD Million in 2025, according to our econometric models.

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Indonesia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-15 04:00 AM Nov $5.16B $5.67B $4.26B $4.3B
2023-01-16 04:00 AM Dec $3.89B $5.13B $4.01B $ 5B
2023-02-15 04:00 AM Jan $3.89B $3.1B


Related Last Previous Unit Reference
Balance of Trade 3888.30 5131.90 USD Million Dec 2022
Imports 19939.80 18962.00 USD Million Dec 2022
Exports 23828.10 24094.00 USD Million Dec 2022
Terms of Trade 106.02 102.10 points Nov 2022
Tourist Arrivals 895121.00 657269.00 Dec 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
3888.30 5131.90 7564.84 -2331.12 1960 - 2022 USD Million Monthly

News Stream
Indonesia Trade Surplus Below Estimates
Indonesia's trade surplus surged notably to USD 3.89 billion in December 2022 from USD 1 billion in the same month of the previous year, below market expectations of a USD 4.01 billion gain as exports grew and imports dropped. Shipments rose 6.58 percent from a year earlier to USD 23.83 billion, the 25th straight month of increase, amid solid global demand. Meanwhile, imports fell 6.61 percent year-on-year, the largest decline since 2020 and the six-month low of USD 19.94 billion amid the rupiah weakness. For the whole year of 2022, the trade surplus climbed to USD 54.46 billion from USD 36.42 billion in the corresponding period of 2021.
2023-01-16
Indonesia Trade Surplus Beats Forecasts
Indonesia's trade surplus notably increased to USD 5.16 billion in November 2022 from USD 3.52 billion in the same month of the previous year, exceeding market expectations of a gain of USD 4.26 billion, as exports rose while imports fell. Shipments grew 5.58 percent from a year earlier to USD 24.12 billion, the 25th straight month of increase but the least since June 2020, amid weakening global demand due to rising inflation, moderating commodity prices, and the impact of a resurgence of COVID cases in some countries, particularly China, Indonesia's top trading partner. Meanwhile, imports unexpectedly declined 1.89 percent to USD 18.96 billion, the first drop in 22 months, as domestic consumption was shaky due to recent natural disasters while the rupiah was relatively in a steady downtrend. During the first eleven months of the year, the trade surplus jumped to USD 50.68 billion from USD 34.42 billion in the corresponding period in 2021.
2022-12-15
Indonesia Trade Surplus Tops Expectations
Indonesia's trade surplus edged down to USD 5.67 billion in October of 2022 from USD 5.74 billion in the same month of the previous year, beating market expectations of a surplus of USD 4.5 billion. Exports grew 12.3 percent yoy to USD 24.81 billion, the 24th straight month of increase; while imports rose at a faster 17.44 percent to USD 19.14 billion, the 21st consecutive month of gains. During the first ten months of the year, the trade surplus widened sharply to USD 45.52 billion from USD 30.90 billion in the corresponding period in 2021.
2022-11-15