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.