Indonesia's trade surplus widened to a record of USD 5.74 billion in October of 2021 from USD 3.58 billion in the same month of the previous year and above market consensus of USD 3.87 billion. This was the eighteenth straight month of the trade surplus, as exports rose more than imports, amid surging commodity prices. Exports jumped 53.35 percent over a year earlier to an all-time high of USD 22.03 billion, boosted by both non-oil products (52.75 percent) and oil and gas products (66.84 percent). Imports surged at a softer 51.06 percent to USD 16.29 billion, the ninth straight month of increase, as purchases of non-oil and gas surged by 48.29 percent while those of oil and gas soared 75.94 percent. Considering the first ten months of the year, the trade goods a recorded surplus USD 30.81 billion, as exports rose by 41.80 percent while imports advanced at a softer 35.86 percent. source: Statistics Indonesia
Balance of Trade in Indonesia averaged 771.47 USD Million from 1960 until 2021, reaching an all time high of 5740 USD Million in October of 2021 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 December of 2021.
Balance of Trade in Indonesia is expected to be 3600.00 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 2700.00 USD Million in 2022 and 3700.00 USD Million in 2023, according to our econometric models.