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

Indonesia's trade surplus narrowed sharply to USD 0.23 billion in September 2018, from a USD 1.79 billion in the same month a year earlier, missing market consensus of a USD 0.5 billion gap. Exports rose 1.7 percent to USD 14.83 billion, far below expectations of 7.58 percent rise. Meanwhile, imports increased at a faster 14.18 percent to USD 14.60 billion, far below forecasts of a 24.76 percent gain. Balance of Trade in Indonesia averaged 751.10 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.

Indonesia Balance of Trade
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Indonesia Trade Surplus Narrows Sharply in September


Indonesia's trade surplus narrowed sharply to USD 0.23 billion in September 2018, from a USD 1.79 billion in the same month a year earlier, missing market consensus of a USD 0.5 billion gap. Exports rose 1.7 percent to USD 14.83 billion while imports increased at a faster 14.18 percent to USD 14.60 billion.

Exports increased 1.70 percent from a year earlier to USD 14.83 billion, far below market consensus of a 7.58 percent rise and after an upwardlly revised 4.52 percent growth in the prior month. Sales of non-oil and gas products went up by 3.78 percent to USD 13.62 billion while those of oil and gas tumbled by 16.99 percent to USD 1.21 billion. 
 
Compared to the previous month, exports dropped 6.58 percent, as non-oil and gas products fell by 5.67 percent and sales oil and gas plunged by 15.81 percent. By categories, outbound shipments declined for: mechanical machines/aircraft (-11.60 percent); jewelery (-20.13 percent); footwear (-13.69 percent); electric machinery and equipment (-11.48 percent); and apparel not knitted (-17.41 percent). By contrast, sales went up for: fruit (14.38 percent); iron and steel (20.23 percent); tin (7.56 percent); ore, metal crust and metal ash (18.86 percent); and pulp (5.65 percent). Sales went down to: China (-8.66 percent); the US (-6.90 percent); Japan (-10.11 percent); Taiwan (-23.43 percent); Singapore (-16.90 percent); Australia (-8.37 percent); Malaysia (-11.84 percent); Germany (-12.19 percent), and the Netherlands (-9.54 percent). Meantime, sales rose to South Korea (13.33 percent); India (3.30 percent); Thailand (0.48 percent); and Italy (6.46 percent).
 
Imports went up at a faster 14.18 percent from a year earlier to USD 14.60 billion in September, following a downwardlly revised 24.49 percent rise in the prior month and far below expectations of a 24.76 percent increase. Purchases of non-oil and gas rose 13.54 percent to USD 12.32 billion while those of oil and gas increased by 17.75 percent to USD 2.28 billion.

Compared to the prior month, imports tumbled by 13.18 percent, with purchases of non-oil and gas slumping 10.52 percent while those of oil and gas plunged by 25.20 percent. Imports went down for all categories: raw material (-13.53 percent); capital goods (-10.45 percent), and consumption goods (-14.97 percent). Among major trading partners, imports declined from: China (-6.42 percent); the US (-1.38 percent); Japan (-13.70 percent); Taiwan (-8.98 percent); South Korea (-9.95 percent); Singapore (-13.31 percent); Thailand (-2.99 percent); Malaysia (-3.10 percent); Germany (-25.07 percent); Australia (-31.64 percent), and India (-15.63 percent). On the other hand, imports rose to Italy (3.44 percent); and the Netherlands (24.45 percent).  

Considering January to September, the trade balance posted a deficit of USD 3.78 billion, compared with a surplus of USD 10.86 billion in the same period of 2017.
 
 


Statistics Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/15/2018 8:04:16 AM


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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 04:00 AM Balance of Trade $-2.03B $1.71B $-0.6B $ 1.3B
2018-09-17 04:00 AM Balance of Trade $-1.02B $-2.01B $-0.68B $ -0.7B
2018-10-15 04:00 AM Balance of Trade $0.23B $-0.94B $-0.5B $ 0.3B
2018-11-15 04:00 AM Balance of Trade $0.23B $ -1.7B
2018-12-14 04:00 AM Balance of Trade $ -2.6B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 227.10 -944.20 4641.92 -2329.13 USD Million [+]
Exports 14828.60 15873.90 18647.83 30.00 USD Million [+]
Imports 14601.50 16818.10 18297.10 21.00 USD Million [+]
Current Account -8028.00 -5717.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.70 -1.80 4.80 -6.80 percent [+]
External Debt 352246.73 316968.36 352246.73 132629.00 USD Million [+]
Terms of Trade 111.93 111.71 117.70 77.43 Index Points [+]
Foreign Direct Investment 95.70 108.90 112.00 35.40 IDR Trillion [+]
Remittances 2809.00 2643.00 2809.00 1202.00 USD Million [+]
Tourist Arrivals 1510764.00 1536489.00 1536489.00 548821.00 [+]
Gold Reserves 80.60 80.60 96.45 73.09 Tonnes [+]
Crude Oil Production 788.00 779.00 1720.00 764.00 BBL/D/1K [+]
Terrorism Index 4.55 4.43 6.55 3.92 [+]
Weapons Sales 102.00 94.00 102.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
227.10 -944.20 4641.92 -2329.13 1960 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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