Indonesia's trade surplus increased to USD 1.27 billion in June 2020 from USD 0.30 billion in the same month of the previous year and beating market consensus of a USD 1.11 billion surplus, as exports rose while imports fell, amid the coronavirus pandemic. Exports rose 2.28 percent over a year earlier to USD 12.03 billion, mainly due to higher sales of non-oil (3.63 percent) while those of oil and gas products plunged (-18.52 percent). Imports dropped 6.36 percent over a year earlier to USD 10.76 billion, as purchases of oil and gas slumped (-60.47 percent) while those of non-oil and gas rose (3.12 percent). Considering the first half of the year, the trade recorded a surplus of USD 5.50 billion, swinging from a USD 1.87 billion gap in the same period 2019.

Balance of Trade in Indonesia averaged 725.90 USD Million from 1960 until 2020, 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. 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 2020. source: Statistics Indonesia

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 -100.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 300.00 USD Million in 2021 and 1200.00 USD Million in 2022, according to our econometric models.

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Indonesia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1267.40 2015.70 4641.92 -2329.13 1960 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 04:00 AM Mar $0.74B $2.51B $0.76B $ 0.3B
2020-05-15 02:00 AM Apr $-0.35B $0.72B $-0.2B $-0.6B
2020-06-15 04:00 AM May $2.09B $-0.37B $0.42B $0.5B
2020-07-15 04:30 AM Jun $1.27B $2.16B $1.11B $ 0.7B
2020-08-18 04:00 AM Jul $1.27B $0.9B
2020-09-15 04:00 AM Aug
2020-10-15 04:00 AM Sep $ -1.7B
2020-11-16 02:00 AM Oct


News Stream
Indonesia Trade Surplus Widens in June
Indonesia's trade surplus increased to USD 1.27 billion in June 2020 from USD 0.30 billion in the same month of the previous year and beating market consensus of a USD 1.11 billion surplus, as exports rose while imports fell, amid the coronavirus pandemic. Exports rose 2.28 percent over a year earlier to USD 12.03 billion, mainly due to higher sales of non-oil (3.63 percent) while those of oil and gas products plunged (-18.52 percent). Imports dropped 6.36 percent over a year earlier to USD 10.76 billion, as purchases of oil and gas slumped (-60.47 percent) while those of non-oil and gas rose (3.12 percent). Considering the first half of the year, the trade recorded a surplus of USD 5.50 billion, swinging from a USD 1.87 billion gap in the same period 2019.
2020-07-15
Indonesia Trade Surplus Widens in May
Indonesia's trade surplus increased to USD 2.09 billion in May 2020 from USD 0.22 billion in the same month of the previous year and beating market consensus of a USD 0.42 billion surplus, as both imports and exports were hammered by the global pandemic. Imports slumped 42.20 percent over a year earlier to USD 8.44 billion, as purchases of oil and gas plunged (-69.87 percent) while those of non-oil and gas tumbled (-37.34 percent). Exports plunged 28.95 percent over a year earlier to USD 10.53 billion, mainly due to lower sales of both oil and gas (-42.64 percent) and non-oil and gas products (-27.81 percent). Considering the first five months of the year, the trade posted a surplus of USD 4.31 billion, shifting from a USD 2.68 billion gap in the same period 2019.
2020-06-15
Indonesia Posts Trade Gap for 1st Time in 3 Months
Indonesia's trade deficit declined to USD 0.35 billion in April 2020 from USD 2.29 billion gap in the same month of the previous year and compared with market consensus of a USD 0.2 billion. It was the first trade gap since January, as exports and imports continued to fall as the COVID-19 pandemic disrupts global trade.Exports declined 7.02 percent over a year earlier to USD 12.19 billion, mainly due to lower sales of both oil and gas (-17.70 percent) and non-oil and gas products (-6.38 percent). Imports dropped 18.58 percent over a year earlier to USD 12.54 billion, as purchases of oil and gas plunged (-61.78 percent) while those of non-oil and gas declined (-11.24 percent). Considering the first four months of the year, the trade posted a surplus of USD 2.25 billion, shifting from a USD 2.35 billion gap in the same period 2019.
2020-05-15
Indonesia Posts Trade Surplus for 2nd Month
Indonesia's trade surplus inched higher to USD 0.74 billion in March 2020 from USD 0.67 billion surplus in the same month of the previous year and compared with market consensus of a USD 0.76 billion. This was the second straight month of surplus in trade balance, as exports dropped less than imports. Exports declined 0.2 percent over a year earlier to USD 14.09 billion, mainly due to lower sales of oil and gas (-34.15 percent) while non-oil and gas products rose (6.39 percent). Imports dropped 0.75 percent over a year earlier to USD 13.35 billion, as purchases of non-oil and gas declined (-5.80 percent) while those of oil and gas increased (12.18 percent). Considering the first three months of the year, the trade posted a surplus of USD 2.62 billion, shifting from a USD 0.06 billion gap in the same period 2019.
2020-04-15

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. .