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.