Exports from Indonesia fell 8.36 percent from a year earlier to USD 13.07 billion in August 2020, worse than market consensus of a 5.79 percent drop and after an upwardly revised 10.1 percent drop in the prior month, amid the coronavirus pandemic. Sales of non-oil and gas declined by 7.16 percent to USD 12.46 billion, while oil and gas exports slumped by 27.45 percent to USD 0.61 billion on the back of mining products (-26.13 percent), including crude oil (-17.76 percent). Considering the first eight months of 2020, sales fell 6.51 percent from a year earlier.
Exports in Indonesia averaged 4490.66 USD Million from 1960 until 2019, reaching an all time high of 18647.83 USD Million in August of 2011 and a record low of 30 USD Million in January of 1961. This page provides the latest reported value for - Indonesia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Exports - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Indonesia
Exports in Indonesia is expected to be 11800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Indonesia to stand at 15500.00 in 12 months time. In the long-term, the Indonesia Exports is projected to trend around 16700.00 USD Million in 2021 and 17700.00 USD Million in 2022, according to our econometric models.