Indonesia Balance of Trade  1960-2017 | Data | Chart | Calendar | Forecast

Indonesia posted a trade surplus 1.76 billion in September of 2017, compared to a 1.28 USD billion of surplus a year earlier and above market estimates of a 1.18 USD billion surplus. It was the largest trade surplus since November 2011, supported by robust exports. In September, exports jumped 15.60 percent from a year earlier to 14.54 USD billion, following an upwardly revised 19.41 percent rise in a month earlier while market estimated a 15.9 percent gain. Imports went up 13.13 percent to 12.78 USD billion, following an upwardly revised 9.08 percent rise in the prior month and above market estimates of a 8.89 percent increase. Considering January to September 2017, the trade balance was recorded 10.87 USD billion surplus with exports rising by 17.36 percent compared to the same period a year earlier to 123.36 USD billion and imports increasing by 13.97 percent to 112.49 USD billion. Balance of Trade in Indonesia averaged 768.22 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 Surplus Largest in Near 6 Years


Indonesia posted a trade surplus 1.76 billion in September of 2017, compared to a 1.28 USD billion of surplus a year earlier and above market estimates of a 1.18 USD billion surplus. It was the largest surplus in trade balance since November 2011, supported by robust exports.

In September, exports increased 15.60 percent from a year earlier to 14.54 USD billion, as sales of non-oil and gas products rose 13.76 percent while those of oil and gas surged 35.58 percent.
 
Compared to the previous month, exports went down 4.51 percent, as non-oil and gas products decreased by 6.09 percent while sales oil exports rose by 12.71 percent.
 
By categories, outbound shipments went down for: animal and vegetable fats and oils (-9.06 percent); electrical machinery/aparatus (-8.20 percent); knit goods (-16.55 percent); clothing is not knitted (-25.58 percent), and jewellry/gems (-21.41 percent). In contrast sales increased for: mineral fuels (10.66 percent); various chemicals products (3.84 percent); paper/cardboard (35.12 percent); tin (14.47 percent), and ore, crust, and metal ash (14.37 percent). Sales fell to all major destination countries: Singapore (-4.19 percent); Malaysia (-2.99 percent); Germany (-8.69 percent); Italy (-11.41 percent); China (-2.83 percent); the US (-9.63 percent); India (-2.88 percent); Australia (-21.26 percent); Taiwan (-1.69 percent); South Korea (-13.92 percent); Thailand (-7.37 percent), and the Netherlands (-1.60 percent). In contrast exports grew to Japan (3.49 percent). 
 
Imports increased 13.13 percent from a year earlier to 12.78 USD billion in September, as purchases of non-oil and gas rose 13.80 percent to 10.85 billion and those of oil and gas went up 9.54 percent to 1.93 USD billion.
 
Compared to the prior month, imports fell by 5.39 percent. While purchases of non-oil and gas dropped 5.67 percent, those of oil and gas went down by 3.79 percent. Imports dropped the most for capital goods (-7.13 percent to 2.05 USD billion), followed by consumption goods (-5.87 percent to 1.12 USD billion), and raw material (-4.96 percent to 9.60 USD billion). Imports fell from: Thailand (-4.82 percent); Japan (-11.72 percent); the US (-8. 20 percent); South Korea (-8.46 percent); Singapore (-1.07 percent); India (-8.93 percent); Germany (-3.80 percent); Italy (-25.26 percent); China (-4.30 percent); Australia (-18.89 percent), and Taiwan (-18.06 percent). In contrast, imports increased from Malaysia (6.07 percent) and the Netherlands (81.99 percent).

Considering January to September 2017, the trade balance was recorded 10.87 USD billion surplus with exports rising by 17.36 percent compared to the same period a year earlier to 123.36 USD billion and imports increasing by 13.97 percent to 112.49 USD billion.
 
 

Statistics Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/16/2017 6:50:28 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-15 04:00 AM Balance of Trade $-0.27B $1.67B $1.1B $0.7B
2017-09-15 04:00 AM Balance of Trade $1.72B $-0.27B $0.52B $0.2B
2017-10-16 04:00 AM Balance of Trade $1.76B $1.72B $1.18B $1.4B
2017-11-15 04:00 AM Balance of Trade $1.76B $0.5B
2017-12-15 04:00 AM Balance of Trade -$0.1B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 1760.00 1720.00 4641.92 -2329.13 USD Million [+]
Exports 14541.80 15229.40 18647.83 30.00 USD Million [+]
Imports 12780.90 13485.80 17416.99 21.00 USD Million [+]
Current Account -4962.50 -2363.10 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 105.83 105.20 117.70 77.43 Index Points [+]
Foreign Direct Investment 109.90 97.00 109.90 35.40 IDR Trillion [+]
Remittances 2161.00 2165.00 2390.00 1202.00 USD Million [+]
Tourist Arrivals 1178407.00 1134846.00 1178407.00 548821.00 [+]
Gold Reserves 79.31 78.07 96.45 73.09 Tonnes [+]
Crude Oil Production 825.00 828.00 1720.00 763.00 BBL/D/1K [+]
Weapons Sales 94.00 4.00 94.00 1.00 USD Million [+]
Terrorism Index 4.43 4.76 6.55 3.92 [+]

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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1760.00 1720.00 4641.92 -2329.13 1960 - 2017 USD Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 286.10 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17