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

Indonesia recorded a trade deficit of USD 1.63 billion in April of 2018, swinging from a USD 1.32 billion surplus a year earlier and missing market estimates of a USD 0.7 billion surplus. Imports jumped 34.68 percent to USD 16.09 billion, accelerating from a downwardly revised 8.9 percent in March and beating forecasts of a 19 percent increase. Exports rose 9.01 percent to USD 14.47 billion, following an upwardly revised 6.2 percent growth in March and below market expectations of 12 percent. Balance of Trade in Indonesia averaged 760.10 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 Trade Balance Swings to Deficit in April


Indonesia recorded a trade deficit of USD 1.63 billion in April of 2018, swinging from a USD 1.33 billion surplus a year earlier and missing market estimates of a USD 0.7 billion surplus. mainly due to a surge in imports.

In April, imports jumped 34.68 percent to 16.09 USD billion, following a downwardly revised 8.9 percent rise in the prior month and beating estimates of a 19 percent increase. Purchases of non-oil and gas surged 33.69 percent to 13.77 billion and those of oil and gas jumped by 40.89 percent to 2.32 USD billion.
 
Compared to the prior month, imports went up by 11.28 percent. While purchases of non-oil and gas increased 12.68 percent, those of oil and gas rose by 3.62 percent. Imports went up for : raw material (10.73 percent to 11.96 USD billion); capital goods (6.59 percent to 2.62 USD billion), and consumption goods (25.86 percent to 1.51 USD billion).
  
Imports rose from: the US (20.76 percent); Japan (2.51 percent); Malaysia (2.43 percent); Germany (12.71 percent); India (17.31 percent); China (29.68 percent); Taiwan (19.13 percent); Netherlands (11.79 percent), and Australia (3.49 percent). In contrast, imports went down from South Korea (-2.84 percent); Singapore (-2.42 percent); Thailand (-5.50 percent), and Italy (-7.86 percent).

Exports increased 9.01 percent from a year earlier to 14.47 USD billion, below market consensus of a 12 percent rise and after a dowwardly revised 5.9 percent growth in the prior month. Sales of non-oil and gas products went up by 8.55 percent to 13.28 USD billion, while those of oil and gas increased by 14.50 percent to 1.19 USD billion.
 
Compared to the previous month, exports fell 7.19 percent, as non-oil and gas products decreased by 6.80 percent while sales oil and gas declined by 11.32 percent. By categories, outbound shipments went down for: mineral fuel (-18.18 percent); iron and steel (-31.51 percent); jewelry/gems (-12.03 percent); ore, crust, and metal ash (-14.41 percent), and animal/vegetables fats and oils (-4.57 percent). In contrast sales increased for: rubber and rubber goods (4.14 percent);  various chemical products (4.47 percent); iron and steel objects (19.65 percent); footwear (2.93 percent), and vehicles and parts thereof  (12.59 percent).  
 
Sales went down to China (-22.81 percent); the US (-9.98 percent); Thailand (-3.62 percent); Germany (-3.32 percent), Japan  (-2.60 percent); Netherlands (-5.51 percent); India (-13.25 percent); Italy (-15.03 percent), and Singapore (-5.44 percent). In contrast, exports rose to Australia (1.78 percent); Malaysia (6.36 percent); South Korea (4.63 percent), and Taiwan (6.80 percent).
 
Considering January to April, trade balance posted a deficit USD 1.31 billion, swinging from USD 4.09 billion surplus in the same period of 2017, as imports surged 23.65 percent to USD 60.05 billion and exports rose at a slower 8.77 percent to USD 58.74 billion.
 
 
 


Statistics Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
5/15/2018 8:18:00 AM


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Calendar GMT Actual Previous Consensus TEForecast
2018-03-15 04:00 AM Balance of Trade $-0.12B $-0.76B $-0.13B $ -0.23B
2018-04-16 04:00 AM Balance of Trade $1.09B $-0.05B $-0.09B $-0.2B
2018-05-15 04:00 AM Balance of Trade $-1.63B $1.12B $0.7B $ 1.1B
2018-06-25 04:00 AM Balance of Trade $-1.62B $0.7B $ 1.4B
2018-07-17 04:00 AM Balance of Trade $ 0.73B
2018-08-15 04:00 AM Balance of Trade $ 0.95B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -1629.30 1123.27 4641.92 -2329.13 USD Million [+]
Exports 14465.80 15586.87 18647.83 30.00 USD Million [+]
Imports 16095.10 14463.60 17416.99 21.00 USD Million [+]
Current Account -5500.00 -5760.70 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 110.52 108.94 117.70 77.43 Index Points [+]
Foreign Direct Investment 108.90 112.00 112.00 35.40 IDR Trillion [+]
Remittances 2636.30 2222.70 2636.30 1202.00 USD Million [+]
Tourist Arrivals 1300738.00 1364576.00 1364576.00 548821.00 [+]
Gold Reserves 80.60 80.60 96.45 73.09 Tonnes [+]
Crude Oil Production 788.00 790.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1629.30 1123.27 4641.92 -2329.13 1960 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1629.30 Apr/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -830631.00 Mar/18
Switzerland 2798.79 Apr/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18


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