Indonesia's trade surplus soared to USD 4.22 billion in July of 2022 from USD 2.60 billion in the same month of the previous year, beating market expectations of USD 3.93 billion surplus. Exports grew 32.03 percent over a year earlier to USD 25.57 billion, amid an increase in palm oil export quota while allowing palm oil producers to ship seven times the amount it sold domestically. Meanwhile, imports surged by 39.86 percent to USD 21.35 billion, amid robust domestic following further easing of COVID-19 restrictions. For the first seven months of the year, the goods posted a surplus of USD 29.17 billion, with exports and imports jumping by 36.36 percent and 29.38 percent, respectively. source: Statistics Indonesia

Balance of Trade in Indonesia averaged 807 USD Million from 1960 until 2022, reaching an all time high of 7564.90 USD Million in April of 2022 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 August of 2022.

Balance of Trade in Indonesia is expected to be 3000.00 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 2023 and 3700.00 USD Million in 2024, according to our econometric models.

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Indonesia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-15 02:00 AM Jun $5.09B $2.9B $3.52B $ 2B
2022-08-15 04:00 AM Jul $4.22B $5.09B $3.93B $4.1B
2022-09-15 04:00 AM Aug $4.22B


Related Last Previous Unit Reference
Balance of Trade 4220.00 5090.00 USD Million Jul 2022
Exports 25573.50 26150.10 USD Million Jul 2022
Imports 21003.40 18610.20 USD Million Jun 2022
Terms of Trade 105.63 107.05 points Jun 2022
Tourist Arrivals 345438.00 212332.00 Jun 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
4220.00 5090.00 7564.90 -2329.13 1960 - 2022 USD Million Monthly

News Stream
Indonesia Trade Surplus Larger than Estimated
Indonesia's trade surplus soared to USD 4.22 billion in July of 2022 from USD 2.60 billion in the same month of the previous year, beating market expectations of USD 3.93 billion surplus. Exports grew 32.03 percent over a year earlier to USD 25.57 billion, amid an increase in palm oil export quota while allowing palm oil producers to ship seven times the amount it sold domestically. Meanwhile, imports surged by 39.86 percent to USD 21.35 billion, amid robust domestic following further easing of COVID-19 restrictions. For the first seven months of the year, the goods posted a surplus of USD 29.17 billion, with exports and imports jumping by 36.36 percent and 29.38 percent, respectively.
2022-08-15
Indonesia Trade Surplus Widens Sharply
Indonesia's trade surplus jumped significantly to USD 5.09 billion in June of 2022 from USD 1.32 billion in the same month of the previous year, exceeding market expectations of USD 3.52 billion surplus. Exports jumped 40.68 percent over a year earlier to USD 26.09 billion, after Jakarta increased palm oil export quota while allowing palm oil producers to ship seven times the amount it sold domestically. Meanwhile, imports grew by 21.98 percent to USD 21 billion, amid robust domestic following further loosening of COVID-19 restrictions. For the first half of the year, the goods posted a surplus of USD 24.89 billion, with exports and imports soaring by 37.11 percent and 27.62 percent, respectively.
2022-07-15
Indonesia Trade Surplus Smaller than Expected
Indonesia's trade surplus widened slightly to USD 2.90 billion in May of 2022 from USD 2.70 billion in the same month of the previous year, but was lower than market expectations of USD 3.83 billion. Exports grew 27 percent over a year earlier to a three-month low of USD 21.51 billion, the softest pace in four months, due to less working days during the Eid-ul Fitr festival and following the country's ban on palm oil shipments. Meanwhile, imports rose at a faster 30.74 percent to USD 18.61 billion, amid strengthening domestic demand. For the first five months of the year, the goods posted a surplus of USD 19.79 billion, with exports and imports surging by 36.34 percent and 28.93 percent, respectively.
2022-06-15