Indonesia Balance of Trade  1960-2018 | Data | Chart | Calendar | Forecast

Indonesia's trade deficit widened sharply to USD 2.03 billion in July 2018 from USD 0.3 billion in the same month a year earlier, and well above market consensus of a USD 0.6 billion gap. It was the largest trade deficit since July 2013, as imports jumped 31.56 percent to USD 18.27 billion, the steepest increase in a year and far above forecasts of a 14.1 percent advance. Exports rose at a softer 19.33 percent to USD 16.24 billion, also beating expectations of 11.35 percent rise. Balance of Trade in Indonesia averaged 754.33 USD Million from 1960 until 2018, 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.

Indonesia Balance of Trade
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Indonesia Posts Largest Trade Deficit in 5 Years


Indonesia's trade deficit widened sharply to USD 2.03 billion in July 2018 from USD 0.3 billion in the same month a year earlier, and well above market consensus of a USD 0.6 billion gap. It was the largest trade deficit since July 2013, as imports jumped to a record high.

Imports surged 31.56 percent from a year earlier to an all-time high of USD 18.27 billion in July, following a marginally revised 12.77 percent rise in the prior month and far above expectations of a 14.1 percent increase. Purchases of non-oil and gas jumped 29.28 percent to USD 15.66 billion and those of oil and gas surged by 47.09 percent to USD 2.62 billion.

Compared to the prior month, imports rose sharply by 62.17 percent, whith purchases of non-oil and gas surging 71.54 percent and those of oil and gas increasing by 22.20 percent. Imports went up for all categories: raw material (59.28 percent); capital goods (71.95 percent), and consumption goods (70.50 percent). Among major trading partners, imports rose from: China (93.44 percent); Australia (53.94 percent); Taiwan (99.21 percent); South Korea (62.92 percent); Singapore (31.18 percent); Thailand (33.17 percent); Japan (75.79 percent); Malaysia (108.01 percent); India (47.15 percent); the US (67 percent); Germany (84.72 percent); Italy (92.23 percent); and the Netherlands (8.56 percent).

Exports increased at a softer 19.33 percent from a year earlier to USD 16.24 billion, beating market consensus of a 11.35 percent rise and after a downwardly revised 11.26 percent growth in the prior month. Sales of non-oil and gas products went up by 19.03 percent to USD 14.81 billion, while those of oil and gas jumped by 22.59 percent to USD 1.43 billion. 
 
Compared to the previous month, exports surged 25.19 percent, as non-oil and gas products jumped by 31.18 percent while sales oil and gas slumped by 15.06 percent. By categories, outbound shipments increased for: electric machinery/equipment (37.23 percent); vehicles and parts (67.50 percent); rubber and rubber goods (51.47 percent); mineral fuel (11.90 percent); and animal/vegetable fats and oils (17.91 percent). In contrast, sales decreased for:  air plane and parts (-58.05 percent); fertilizer (-23.92 percent); ore, metal crust and metal ash (-15.99 percent); ships (-58.97 percent); and wheat (-21.65 percent). Exports went up to: China (6.87 percent); Thailand (45.33 percent); Japan (29.46 percent); Taiwan (90.23 percent); Singapore (37.28 percent); Australia (44.10 percent); Malaysia (29.73 percent); South Korea (34.55 percent); India (34.20 percent); the US (37.96 percent); Germany (54.56 percent); the Netherlands (33.17 percent); and Italy (4.29 percent).

Considering January to July, the trade balance posted a deficit of USD 3.09 billion, compared with a surplus of USD 7.39 billion in the same period of 2017.


Statistics Indonesia | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/15/2018 3:36:11 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-25 04:00 AM Balance of Trade $-1.52B $-1.62B $-0.38B $ -0.5B
2018-07-16 04:00 AM Balance of Trade $1.74B $-1.45B $0.65B $ 0.73B
2018-08-15 04:00 AM Balance of Trade $-2.03B $1.71B $-0.6B $ 1.3B
2018-09-14 04:00 AM Balance of Trade $-2.03B $ 0.68B
2018-10-16 04:00 AM Balance of Trade $ 0.34B
2018-11-15 04:00 AM Balance of Trade $ 0.52B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -2030.30 1706.50 4641.92 -2329.13 USD Million [+]
Exports 16242.70 12974.38 18647.83 30.00 USD Million [+]
Imports 18273.00 11267.89 18273.00 21.00 USD Million [+]
Current Account -8028.00 -5717.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.70 -1.80 4.80 -6.80 percent [+]
External Debt 352246.73 316968.36 352246.73 132629.00 USD Million [+]
Terms of Trade 111.61 112.17 117.70 77.43 Index Points [+]
Foreign Direct Investment 95.70 108.90 112.00 35.40 IDR Trillion [+]
Remittances 2636.30 2222.70 2636.30 1202.00 USD Million [+]
Tourist Arrivals 1318028.00 1242588.00 1364576.00 548821.00 [+]
Gold Reserves 80.60 80.60 96.45 73.09 Tonnes [+]
Crude Oil Production 777.00 784.00 1720.00 764.00 BBL/D/1K [+]
Terrorism Index 4.55 4.43 6.55 3.92 [+]
Weapons Sales 102.00 94.00 102.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. . 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 - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2030.30 1706.50 4641.92 -2329.13 1960 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1154.26 Jul/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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