Exports from Indonesia fell 8.06 percent from a year earlier to an eight-month low of USD 20.52 billion in January 2024, worse than market forecasts of a 2.7 percent drop. It was the eighth straight month of decline in exports, amid an economic slowdown in trading partners, with exports to China and Japan declining by 12.92% and 22.73%, respectively. Sales of non-oil and gas exports shrank by 8.20 percent to USD 19.13 billion. Meantime, sales of oil and gas fell by 6.07 percent year-on-year to USD 1.40 billion, with oil products plunging by 24.59% while gas dropped by 4.19%. In 2023, shipments shrank by 11.33 percent yoy, reversing a 26.07% surge in 2022. source: Statistics Indonesia

Exports YoY in Indonesia decreased to -8.06 percent in January from -5.76 percent in December of 2023. Exports YoY in Indonesia averaged 13.80 percent from 1961 until 2024, reaching an all time high of 518.00 percent in February of 1974 and a record low of -52.10 percent in September of 1964. This page includes a chart with historical data for Indonesia Exports YoY. Indonesia Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.

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Indonesia Exports YoY


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-15 04:00 AM
Exports YoY
Dec -5.76% -8.56% -8.1%
2024-02-15 04:00 AM
Exports YoY
Jan -8.06% -5.85% -2.7%
2024-03-15 04:00 AM
Exports YoY
Feb -8.06%


Related Last Previous Unit Reference
Balance of Trade 2015.10 3285.01 USD Million Jan 2024
Current Account -1290.00 -1039.00 USD Million Dec 2023
Current Account to GDP 1.00 0.30 percent of GDP Dec 2022
Exports 20524.10 22392.15 USD Million Jan 2024
Imports 18509.00 19107.14 USD Million Jan 2024
External Debt 407106.66 394243.35 USD Million Dec 2023
Terms of Trade 105.90 105.90 Dec 2023
Foreign Direct Investment 196.20 186.30 IDR Trillion Sep 2023
Remittances 2734.00 2658.00 USD Million Sep 2023
Tourist Arrivals 1144542.00 931227.00 Dec 2023
Gold Reserves 78.57 78.57 Tonnes Dec 2023
Crude Oil Production 593.00 604.00 BBL/D/1K Oct 2023
Imports YoY 0.36 -3.81 percent Jan 2024
Exports YoY -8.06 -5.85 percent Jan 2024
Foreign Direct Investment YoY 5.30 16.20 percent Dec 2023
Capital Flows -281.38 -4846.57 USD Million Sep 2023
Tourism Revenues 4375.80 3249.44 USD Million Sep 2023
Terrorism Index 5.50 5.50 Points Dec 2022
Weapons Sales 17.00 0.00 SIPRI TIV Million Dec 2021
Exports by Country
Exports by Category
Imports by Country
Imports by Category

Indonesia Exports YoY
Exports have been an engine of economic growth in Indonesia. However, after reaching a peak in 2012, it have been in a steady decline due to lower commodity prices and dwindling global demand. Major exports are: oil and gas (12.4 percent of the total exports, of those gas 6.9 percent, crude oil 4.3 percent and oil products 1.2 percent); animal and vegetable fats and oils (14 percent); and electrical equipment and machinery (10.45 percent). Other exports include: footwear, part of such articles (3.4 percent); garments not knitted (3 percent) and ores, slag and ash (2.5 percent). Major export partners are: the United States (11.6 percent), China (10 percent of the total exports), Japan (9.9 percent), India (8.8 percent) and Singapore (7 percent).
Actual Previous Highest Lowest Dates Unit Frequency
-8.06 -5.85 518.00 -52.10 1961 - 2024 percent Monthly

News Stream
Indonesia Exports Drop More than Expected
Exports from Indonesia fell 8.06 percent from a year earlier to an eight-month low of USD 20.52 billion in January 2024, worse than market forecasts of a 2.7 percent drop. It was the eighth straight month of decline in exports, amid an economic slowdown in trading partners, with exports to China and Japan declining by 12.92% and 22.73%, respectively. Sales of non-oil and gas exports shrank by 8.20 percent to USD 19.13 billion. Meantime, sales of oil and gas fell by 6.07 percent year-on-year to USD 1.40 billion, with oil products plunging by 24.59% while gas dropped by 4.19%. In 2023, shipments shrank by 11.33 percent yoy, reversing a 26.07% surge in 2022.
2024-02-15
Indonesia Exports Drop Less than Expected
Exports from Indonesia shrank 5.76 percent from a year earlier to USD 22.41 billion in December 2023, better than market forecasts of an 8.1 percent drop after an 8.56% drop in the previous month. It was the seventh straight month of decline in exports but the softest reduction in the sequence amid an economic slowdown in trading partners and moderating commodity prices, with exports to China and Japan falling by 0.32% and 22.48%, respectively. Sales of non-oil and gas exports dropped by 6.23 percent to USD 20.93 billion. Meantime, sales of oil and gas grew by 1.45 percent year-on-year to USD 1.48 billion, with oil products surging by 91.15% while crude oil and gas shrank by 24.44% and 23.61%, respectively. For the 2023 full year, shipments dropped by 11.33 percent yoy, reversing a 26.07% jump in 2022.
2024-01-15
Indonesia Exports Drop Less than Expected
Exports from Indonesia fell 8.56 percent from a year earlier to USD 22 billion in November 2023, better than market forecasts of a 9.36 percent drop after a 10.43% plunge in the previous month. It was the sixth straight month of decline in exports but the softest reduction in the sequence amid an economic slowdown in trading partners and moderating commodity prices. Sales of non-oil and gas exports fell by 9.76 percent to USD 20.72 billion. Meantime, sales of oil and gas surged by 16.43 percent year-on-year to USD 1.28 billion, with crude oil and oil products jumping by 123.32% and 39.85%, respectively. For the first eleven months of 2023, shipments shrank by 11.83 percent from the same period in 2022. Last year, they soared 26.07 percent.
2023-12-15

Indonesia Exports by Country Last Previous
United States 2341.14 2253.69 USD Million Sep/21
Japan 1317.95 1313.35 USD Million Dec/19
Singapore 979.94 1021.21 USD Million Dec/19
Malaysia 837.00 721.87 USD Million Dec/19
Vietnam 501.53 471.37 USD Million Dec/19
Philippines 476.64 544.87 USD Million Dec/19
Thailand 377.02 483.43 USD Million Dec/19
Netherlands 363.85 468.05 USD Million Sep/21
Italy 305.10 259.78 USD Million Sep/21
Spain 259.39 203.12 USD Million Sep/21
Germany 256.28 248.20 USD Million Sep/21
Australia 175.68 181.55 USD Million Dec/19
Hong Kong 170.53 168.58 USD Million Dec/19
United Kingdom 104.81 97.35 USD Million Dec/19
France 73.82 80.83 USD Million Sep/21
Canada 73.36 63.66 USD Million Dec/19
Cambodia 57.99 60.45 USD Million Dec/19
Greece 16.78 10.68 USD Million Sep/21
Denmark 14.47 15.39 USD Million Dec/19
Sweden 13.98 12.22 USD Million Dec/19
Brunei 13.38 12.34 USD Million Dec/19
Portugal 12.88 7.99 USD Million Sep/21
Ireland 10.53 8.59 USD Million Sep/21
Finland 5.72 10.32 USD Million Sep/21
Austria 2.33 2.75 USD Million Sep/21
Indonesia Exports by Category Last Previous
Oil & Gas 892.20 920.90 USD Million Dec/22

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category