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

Indonesia's trade surplus narrowed to USD 1.09 billion in March 2018 from USD 1.40 billion in the same month a year earlier and better than market expectations of a USD 0.09 billion deficit. It was the largest trade surplus since last September, as exports rose 6.14 percent to USD 15.58 billion, following an upwardly revised 12.04 percent growth in February and easily beating market expectations of 1.7 percent. Imports increased 9.07 percent to USD 14.49 billion, decelerating from February's 24.94 percent and below forecasts of a 13.25 percent increase. Considering January to March, the trade surplus fell sharply to USD 0.28 billion from USD 4.09 billion in the same period of 2017, as imports jumped 20.12 percent to USD 43.98 billion and exports rose at a slower 8.78 percent to USD 44.27 billion. Balance of Trade in Indonesia averaged 764.11 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 Posts Trade Surplus for 1st Time in 4 Months


Indonesia recorded a trade surplus of USD 1.09 billion in March of 2018, from a USD 1.40 billion surplus a year earlier and missing market estimates of a USD 0.09 billion deficit. It was the first of trade surplus in four months and the largest since October 2017, mainly due to a slowdown in imports.

In March, exports increased 6.14 percent from a year earlier to 15.58 USD billion, beating market consensus of a 1.7 percent rise and after an upwardly revised 12.04 percent growth in the prior month. Sales of non-oil and gas products went up by 8.16 percent to 14.24 USD billion, while those of oil and gas declined by 11.46 percent to 1.34 USD billion.
 
Compared to the previous month, exports rose 10.24 percent, as non-oil and gas products increased by 11.77 percent while sales oil and gas decreased by 3.81 percent. By categories, outbound shipments increased for: mineral fuel (18.58 percent); footwear (15.08 percent); iron and steel (64.94 percent); ore, crust, and metal ash (31.69 percent); and fish and shrimp (23.60 percent). In contrast sales dropped for: tin (-45.25 percent); ship (-88.11 percent); nickel (-12.46 percent); vegetable stuff (-66.48 percent), and animal/vegetables fats and oils (-1.09 percent).
 
Sales went up to China (14.39 percent); the US (23.59 percent); Australia (29.22 percent); Malaysia (7.47 percent); Thailand (14.35 percent); Germany (13.83 percent), Japan  (12.87 percent); South Korea (20.66 percent); Netherlands (8.54 percent); India (25.62 percent); Taiwan (9.46 percent), and Italy (17.94 percent). In contrast, exports fell to Singapore (-12.89 percent).
 
Imports increased 9.07 percent to 14.49 USD billion, following a downwardly revised 24.94 percent jump in the prior month and below estimates of a 13.25 percent increase. Purchases of non-oil and gas rose 11.08 percent to 12.23 billion and those of oil and gas edged down by 0.64 percent to 2.27 USD billion.
 
Compared to the prior month, imports went up by 2.13 percent. While purchases of non-oil and gas increased 2.30 percent, those of oil and gas rose by 1.24 percent. Imports went up for both raw material (2.62 percent to 10.58 USD billion) and capital goods (8.99 percent to 2.45 USD billion). In contrast, imports declined for consumption goods (-12.80 percent to 1.20 USD billion).

Imports rose from: the US (25.02 percent); Japan (17.84 percent); Malaysia (23 percent); Germany (2.06 percent); South Korea (4.43 percent); India (22.34 percent); Singapore (10.63 percent); Thailand (5.27 percent); and Italy (64.53 percent). In contrast, imports went down from China (-17.82 percent); Taiwan (-5.78percent); Netherlands (-7.09 percent), and Australia (-4.42 percent).
 
Considering January to March 2018, the trade surplus was 0.28 USD billion, with exports rising by 8.78 percent compared to the same period a year earlier to 44.27 USD billion and imports increasing by 20.12 percent to 43.98 USD billion.
 
 
 



Statistics Indonesia l Chusnul Ch Manan| chusnul@tradingeconomics.com
4/16/2018 6:55:10 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-15 04:00 AM Balance of Trade $-0.68B $-0.22B $0.19B $ 0.7B
2018-03-15 04:00 AM Balance of Trade $-0.12B $-0.76B $-0.13B $ -0.23B
2018-04-16 04:00 AM Balance of Trade $1.09B $-0.05B $-0.09B $-0.2B
2018-05-15 04:00 AM Balance of Trade $1.09B $ 1.1B
2018-06-15 04:00 AM Balance of Trade $ 1.4B
2018-07-17 04:00 AM Balance of Trade $ 0.73B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 1091.70 -52.86 4641.92 -2329.13 USD Million [+]
Exports 15579.80 14132.63 18647.83 30.00 USD Million [+]
Imports 14488.10 14185.49 17416.99 21.00 USD Million [+]
Current Account -5760.70 -4557.30 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 107.88 108.13 117.70 77.43 Index Points [+]
Foreign Direct Investment 112.00 111.70 112.00 35.40 IDR Trillion [+]
Remittances 2223.00 2199.00 2390.00 1202.00 USD Million [+]
Tourist Arrivals 1201059.00 1100677.00 1201059.00 548821.00 [+]
Gold Reserves 80.60 80.56 96.45 73.09 Tonnes [+]
Crude Oil Production 790.00 790.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1091.70 -52.86 4641.92 -2329.13 1960 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 2315.30 Mar/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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