Imports to Indonesia tumbled 24.19 percent year-on-year to USD 10.74 billion in August 2020, compared with market estimates of a 20.58 percent drop and after a marginally revised 32.57 percent plunge in a month earlier, as domestic demand remained subdued, amid the coronavirus pandemic. Purchases of oil and gas imports plunged 41.75 percent to USD 0.95 billion, led by crude oil (-51.91 percent) and oil products (-43.58 percent) while those of non-oil and gas slumped 21.91 percent to USD 9.51 billion. Considering the first eight months of the year, arrivals shrank 18.06 percent compared to the corresponding period of 2019.
Imports in Indonesia averaged 3797.15 USD Million from 1959 until 2020, reaching an all time high of 18297.15 USD Million in July of 2018 and a record low of 21 USD Million in September of 1959. This page provides the latest reported value for - Indonesia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Imports - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Indonesia
Imports in Indonesia is expected to be 13500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Indonesia to stand at 15600.00 in 12 months time. In the long-term, the Indonesia Imports is projected to trend around 15500.00 USD Million in 2021 and 16500.00 USD Million in 2022, according to our econometric models.