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.