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

Indonesia posted a trade deficit of USD 0.27 billion in December of 2017, swinging from a USD 1.05 billion surplus a year earlier and missing market estimates of a USD 0.64 billion surplus. It was the first trade gap since July, mainly due to a surge in imports. In December, exports rose 6.93 percent from a year earlier to USD 14.79 billion, following an upwardly revised 14.32 percent rise in a month earlier while markets estimated a 12.7 percent gain. Imports jumped 17.83 percent to USD 15.06 billion, following a downwardly revised 19.22 percent rise in the prior month and beating estimates of a 17 percent increase. Considering full 2017, the trade balance registered a surplus USD 11.84 billion, with exports rising by 16.22 percent compared to the same period a year earlier to USD 168.73 billion and imports increasing by 15.66 percent to USD 156.89 billion. Balance of Trade in Indonesia averaged 767.52 USD Million from 1960 until 2017, 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 December


Indonesia posted a trade deficit of USD 0.27 billion in December of 2017, swinging from a USD 1.05 billion surplus a year earlier and missing market estimates of a USD 0.64 billion surplus. It was the first trade gap since July, mainly due to a surge in imports.

In December, exports increased 6.93 percent from a year earlier to 14.79 USD billion, as sales of non-oil and gas products rose 5.56 percent while those of oil and gas surged 20.78 percent.
 
Compared to the previous month, exports went down 3.45 percent, as non-oil and gas products decreased by 5.41 percent while sales oil exports jumped by 17.96 percent.
 
By categories, outbound shipments went up for: mineral fuel (2.02 percent); ore, crust, and metal ash (126.05 percent); iron and steel (38.08 percent); iron and steel objects (23.75 percent), and nickel (97.41 percent). In contrast sales decreased for:  Animal/vegetable fats and oils (-5.84 percent); jewellry/gems (-38.83 percent); vehicles and parts (-25.54 percent); machinery/aircraft mechanics (-23.30 percent), and electrical machinery/aparatus (-17.14 percent).
 
Sales went up to : Japan  (10.90 percent); South Korea (8.73 percent); Italy (11.36 percent), and Netherlands (0.93 percent). In contrast exports declined to Singapore (-23.20 percent); China (-1.22 percent); Australia (-13.59 percent); Malaysia (-13.89 percent); Thailand (-13.72 percent); Germany (-8.70 percent); India (-7.02 percent); the US (-5.52 percent), and Taiwan (-14.23ercent).
 
Imports jumped 17.83 percent from a year earlier to 15.06 USD billion in December, as purchases of non-oil and gas rose 12.87 percent to 12.51 billion and those of oil and gas surged 50.10 percent to 2.55 USD billion.
 
Compared to the prior month, imports fell by 0.29 percent. While purchases of non-oil and gas decreased 3.05 percent, those of oil and gas went up by 15.89 percent. Imports decreased for raw material (-1.17 percent to 10.99 USD billion). In contrast, imports rose for both capital goods (2.02 percent to 2.70 USD billion) and  consumption goods (2.43 percent to 1.37 USD billion).
 
Imports went up from: Singapore (135.8 percent); Malaysia (14.5 percent); Germany (10.9 percent); Netherlands (33 percent); Italy (12.9 percent), and the US (57.3 percent). In contrast, imports decreased from the South Korea (-55.3 percent); Australia (-83.3 percent); Japan (-190.6 percent); China (-60.2 percent); India (-38.9 percent); Taiwan (-69.2 percent), and Thailand (-57.2 percent). 
 
Considering full 2017, the trade balance registered a surplus USD 11.84 billion, with exports rising by 16.22 percent compared to the same period a year earlier to USD 168.73 billion and imports increasing by 15.66 percent to USD 156.89 billion
 
 


Statistics Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
1/15/2018 6:42:59 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-15 04:00 AM Balance of Trade $0.90B $1.78B $1.63B $1.1B
2017-12-15 04:00 AM Balance of Trade $0.13B $1 B $0.92B $1.6B
2018-01-15 04:00 AM Balance of Trade $-0.27B $0.22B $0.64B $ 0.91B
2018-02-16 04:00 AM Balance of Trade $-0.27B $ 0.26B
2018-03-15 04:00 AM Balance of Trade $ 0.095B
2018-04-17 04:00 AM Balance of Trade $ 0.12B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -270.00 215.30 4641.92 -2329.13 USD Million [+]
Exports 14791.20 15320.20 18647.83 30.00 USD Million [+]
Imports 15061.20 15104.90 17416.99 21.00 USD Million [+]
Current Account -4336.80 -4833.60 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.80 -2.00 4.80 -6.80 percent [+]
External Debt 316968.36 310670.25 316968.36 132629.00 USD Million [+]
Terms of Trade 107.54 106.25 117.70 77.43 Index Points [+]
Foreign Direct Investment 111.70 109.90 111.70 35.40 IDR Trillion [+]
Remittances 2161.00 2165.00 2390.00 1202.00 USD Million [+]
Tourist Arrivals 848601.00 938250.00 1178407.00 548821.00 [+]
Gold Reserves 80.56 79.31 96.45 73.09 Tonnes [+]
Crude Oil Production 825.00 828.00 1720.00 763.00 BBL/D/1K [+]
Terrorism Index 4.55 4.43 6.55 3.92 [+]
Weapons Sales 94.00 4.00 94.00 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-270.00 215.30 4641.92 -2329.13 1960 - 2017 USD Million Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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