Indonesia's trade surplus widened to USD 1.56 billion in March of 2021 from USD 0.72 billion in the same month of the previous year but slightly below market consensus of USD 1.64 billion. This was the eleventh straight month of trade surplus, amid a further rise in exports as global demand improved. Exports jumped 30.47 percent over a year earlier to USD 18.35 billion, the strongest growth since July 2017, due to higher sales of both non-oil products (30.07 percent) and oil and gas products (38.67 percent). Imports surged 25.73 percent over a year earlier to USD 16.79 billion, the highest increase since July 2018, as purchases of non-oil and gas surged by 23.52 percent while those of oil and gas soared 41.87 percent. Considering the first three months of the year, the trade goods a posted surplus USD 5.52 billion, as exports rose by 17.11 percent while imports rose at a softer 10.76 percent. source: Statistics Indonesia
Balance of Trade in Indonesia averaged 746.55 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 May of 2021.
Balance of Trade in Indonesia is expected to be 2400.00 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.