Indonesia's trade surplus widened sharply to USD 4.74 billion in August of 2021 from USD 2.31 billion in the same month of the previous year and far above market consensus of USD 2.36 billion. This was the sixteenth straight month of the trade surplus and the largest surplus on record, as exports jumped 64.1 percent over a year earlier to a record USD 21.42 billion, boosted by both non-oil products (63.43 percent) and oil and gas products (77.93 percent). Imports surged at a softer 55.26 percent to USD 16.68 billion, the seventh straight month of increase, as purchases of non-oil and gas surged by 49.39 percent while those of oil and gas soared 115.75 percent. Considering the first eight months of the year, the trade goods a recorded surplus USD 19.17 billion, as exports rose by 37.77 percent while imports advanced at a softer 33.36 percent. source: Statistics Indonesia

Balance of Trade in Indonesia averaged 759.92 USD Million from 1960 until 2021, reaching an all time high of 4740 USD Million in August of 2021 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 September of 2021.

Balance of Trade in Indonesia is expected to be 3900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Balance of Trade is projected to trend around 2700.00 USD Million in 2022 and 3700.00 USD Million in 2023, according to our econometric models.

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Indonesia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4744.80 2598.60 4744.80 -2329.13 1960 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-15 04:00 AM May $2.37B $2.29B $2.3B $2.2B
2021-07-15 04:00 AM Jun $1.32B $2.70B $2.23B $ 2.7B
2021-08-18 04:00 AM Jul $2.59B $1.32B $2.27B $2B
2021-09-15 04:00 AM Aug $4.74B $2.60B $2.36B $2.6B
2021-10-15 04:00 AM Sep $4.74B $ 3.9B
2021-11-15 04:00 AM Oct
2021-12-15 04:00 AM Nov


News Stream
Indonesia Trade Surplus Hits Record High
Indonesia's trade surplus widened sharply to USD 4.74 billion in August of 2021 from USD 2.31 billion in the same month of the previous year and far above market consensus of USD 2.36 billion. This was the sixteenth straight month of the trade surplus and the largest surplus on record, as exports jumped 64.1 percent over a year earlier to a record USD 21.42 billion, boosted by both non-oil products (63.43 percent) and oil and gas products (77.93 percent). Imports surged at a softer 55.26 percent to USD 16.68 billion, the seventh straight month of increase, as purchases of non-oil and gas surged by 49.39 percent while those of oil and gas soared 115.75 percent. Considering the first eight months of the year, the trade goods a recorded surplus USD 19.17 billion, as exports rose by 37.77 percent while imports advanced at a softer 33.36 percent.
2021-09-15
Indonesia Trade Surplus Narrows in July
Indonesia's trade surplus narrowed to USD 2.59 billion in July of 2021 from USD 3.2 billion in the same month of the previous year and compared with market consensus of USD 2.27 billion. This was the fifteenth straight month of surplus, as exports jumped 29.32 percent over a year earlier to USD 17.70 billion, boosted by both non-oil products (28.26 percent) and oil and gas products (50.08 percent). Imports surged 44.44 percent to USD 15.11 billion, the sixth straight month of increase, as purchases of non-oil and gas surged by 40.21 percent while those of oil and gas soared 86.39 percent. Considering the first seven months of the year, the trade goods a recorded surplus USD 14.42 billion, as exports rose by 33.94 percent while imports advanced at a softer 30.46 percent.
2021-08-18
Indonesia Trade Surplus Widens Slightly in June
Indonesia's trade surplus widened slightly to USD 1.32 billion in June of 2021 from USD 1.25 billion in the same month of the previous year and compared with market consensus of USD 2.23 billion. This was the fourteenth straight month of surplus, as exports jumped 54.46 percent over a year earlier to USD 18.55 billion, boosted by both non-oil products (51.35 percent) and oil and gas products (117.15 percent). Imports surged 60.12 percent to USD 17.23 billion, the fifth straight month of increase, as purchases of non-oil and gas surged by 48.08 percent while those of oil and gas soared 239.38 percent. Considering the first half of the year, the trade goods a recorded surplus USD 11.86 billion, as exports rose by 34.78 percent while imports advanced at a softer 28.36 percent.
2021-07-15
Indonesia Trade Surplus Largest in 6 Months
Indonesia's trade surplus widened to USD 2.37 billion in May of 2021 from USD 2.01 billion in the same month of the previous year and slightly above market consensus of USD 2.3 billion. This was the thirteenth straight month of trade surplus and the largest figure since last November, amid a further rise in exports as global demand improved. Exports jumped 58.76 percent over a year earlier to USD 16.6 billion, the biggest growth since January 2010, due to higher sales of both non-oil products (58.30 percent) and oil and gas products (66.99 percent). Imports surged 68.68 percent over a year earlier to USD 14.23 billion, the fourth straight month of increase, and the steepest pace since April 2010, as purchases of non-oil and gas surged by 56.44 percent while those of oil and gas soared 213.61 percent. Considering the first five months of the year, the trade goods a recorded surplus USD 10.17 billion, as exports rose by 30.58 percent while imports advanced at a softer 22.74 percent.
2021-06-15

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. .