Indonesia posted a trade deficit USD 1.82 billion in October 2018, swinging from a USD 1 billion surplus in the same month a year earlier, missing market consensus of a USD 0.17 billion gap. Exports went up 3.59 percent to USD 15.80 billion, beating expectations of 1.81 percent rise. Meanwhile, imports jumped 23.66 percent to USD 17.62 billion, far above forecasts of a 9.2 percent gain. Balance of Trade in Indonesia averaged 747.57 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.

Balance of Trade in Indonesia is expected to be 1700.00 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 1500.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 300.00 USD Million in 2020, according to our econometric models.

Indonesia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 04:00 AM Balance of Trade $-2.03B $1.71B $-0.6B $ 1.3B
2018-09-17 04:00 AM Balance of Trade $-1.02B $-2.01B $-0.68B $ -0.7B
2018-10-15 04:00 AM Balance of Trade $0.23B $-0.94B $-0.5B $ 0.3B
2018-11-15 04:00 AM Balance of Trade $-1.82B $0.31B $-0.17B $ -1.7B
2018-12-17 04:00 AM Balance of Trade $-1.82B $-0.17B $ -2.6B
2019-01-15 04:00 AM Balance of Trade $ -0.2B
2019-02-15 04:00 AM Balance of Trade



Indonesia Trade Balance Swings to Deficit in October


Indonesia posted a trade deficit USD 1.82 billion in October 2018, swinging from a USD 1 billion surplus in the same month a year earlier, missing market consensus of a USD 0.17 billion gap. Exports went up 3.59 percent to USD 15.80 billion while imports jumped 23.66 percent to USD 17.62 billion.

Imports surged 23.66 percent from a year earlier to USD 17.62 billion in October, following a marginally revised 14.25 percent rise in the prior month and far above expectations of a 9.2 percent increase. Purchases of non-oil and gas soared 22.17 percent to USD 14.72 billion while those of oil and gas jumped by 31.78 percent to USD 2.91 billion.

Compared to the prior month, imports soared by 20.60 percent, with purchases of non-oil and gas increased sharply 19.42 percent while those of oil and gas surged by 26.97 percent. Imports went up for all categories: raw material (22.59 percent); capital goods (15.57 percent), and consumption goods (13.28 percent). Among major trading partners, imports increased from: China (11.71 percent); the US (7.10 percent); Japan (33.72 percent); Taiwan (23.72 percent); South Korea (28.56 percent); Singapore (5.41 percent); Thailand (10.47 percent); Malaysia (24.11 percent); Germany (9.16 percent); Australia (44.46 percent); the Netherlands (10.50 percent), and India (12.69 percent). On the other hand, imports decreased to Italy (-6.22 percent).

Exports increased 3.59 percent from a year earlier to USD 15.80 billion, beating market consensus of a 1.81 percent rise and after an upwardly revised 2.40 percent growth in the prior month. Sales of non-oil and gas products went up by 4.03 percent to USD 14.32 billion while those of oil and gas edged down by 0.44 percent to USD 1.48 billion. 
 
Compared to the previous month, exports rose 5.87 percent, as non-oil and gas products went up by 4.99 percent and sales oil and gas rose sharply by 15.18 percent. By categories, outbound shipments increased for: vehicles and parts (14.18 percent); jewelery (82.24 percent); footwear (28.48 percent); mineral fuel (9.71 percent); and inorganic chemicals (69.64 percent).By contrast, sales fell for: pulp (-25.75 percent); copper (-24.49 percent); tin (-40.54 percent); ore, metal crust and metal ash (-42.03 percent); and knitted goods (-9.39 percent). Sales rose to: China (12.63 percent); the US (3.24 percent); Taiwan (5.18 percent); Singapore (23.23 percent); Australia (9.01 percent); Malaysia (12.66 percent); Germany (7.74 percent), percent); India (2.17 percent); Thailand (0.86 percent); and the Netherlands (4.66 percent). Meantime, sales declined to Japan (-4.01 percent); South Korea (-15.05 percent); and Italy (-5.46 percent).
 
Considering January to October, the trade balance posted a deficit of USD 5.51 billion, compared with a surplus of USD 11.86 billion in the same period of 2017.
 



Statistics Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
11/15/2018 5:54:06 AM



Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -1819.90 314.00 4641.92 -2329.13 USD Million [+]
Exports 15800.00 15800.00 18647.83 30.00 USD Million [+]
Imports 17620.00 14610.00 18297.10 21.00 USD Million [+]
Current Account -8846.10 -7977.50 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.70 -1.80 4.80 -6.80 percent [+]
External Debt 359793.63 355740.40 359793.63 119594.10 USD Million [+]
Terms of Trade 114.07 113.97 117.70 77.43 Index Points [+]
Foreign Direct Investment 89.10 95.70 112.00 35.40 IDR Trillion [+]
Remittances 2711.00 2802.00 2802.00 1202.00 USD Million [+]
Tourist Arrivals 1292118.00 1351675.00 1536489.00 548821.00 [+]
Gold Reserves 80.60 80.60 96.45 73.09 Tonnes [+]
Crude Oil Production 787.00 787.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1819.90 314.00 4641.92 -2329.13 1960 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -27.00 Sep/18
United States -55488.00 Oct/18


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