Indonesia posted a trade surplus of USD 1.96 billion in January of 2021, shifting from a USD 0.64 billion gap in the same month of the previous year and above market consensus of a USD 1.68 billion. This was the ninth straight month of surplus in trade balance, as exports surged while imports fell, amid the coronavirus pandemic. Exports jumped 12.24 percent over a year earlier to USD 15.30 billion, mainly due to higher sales of non-oil exports (12.49 percent), while those of oil and gas products rose by 8.30 percent. Imports fell 6.49 percent over a year earlier to USD 13.34 billion, as purchases of oil and gas plunged (-21.90 percent) and those of non-oil and gas dropped by 4 percent. source: Statistics Indonesia
Balance of Trade in Indonesia averaged 743.71 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 March of 2021.
Balance of Trade in Indonesia is expected to be 2100.00 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 300.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 300.00 USD Million in 2022 and 1200.00 USD Million in 2023, according to our econometric models.