Indonesia's trade surplus widened to a record of USD 5.74 billion in October of 2021 from USD 3.58 billion in the same month of the previous year and above market consensus of USD 3.87 billion. This was the eighteenth straight month of the trade surplus, as exports rose more than imports, amid surging commodity prices. Exports jumped 53.35 percent over a year earlier to an all-time high of USD 22.03 billion, boosted by both non-oil products (52.75 percent) and oil and gas products (66.84 percent). Imports surged at a softer 51.06 percent to USD 16.29 billion, the ninth straight month of increase, as purchases of non-oil and gas surged by 48.29 percent while those of oil and gas soared 75.94 percent. Considering the first ten months of the year, the trade goods a recorded surplus USD 30.81 billion, as exports rose by 41.80 percent while imports advanced at a softer 35.86 percent. source: Statistics Indonesia

Balance of Trade in Indonesia averaged 771.47 USD Million from 1960 until 2021, reaching an all time high of 5740 USD Million in October 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 November of 2021.

Balance of Trade in Indonesia is expected to be 3600.00 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-15 02:00 AM Sep $4.37B $4.75B $3.84B $ 3.9B
2021-11-15 04:00 AM Oct $5.74B $4.37B $3.87B $4.7B
2021-12-15 04:00 AM Nov $5.74B


Related Last Previous Unit Reference
Balance of Trade 5733.10 4371.50 USD Million Oct/21
Imports 16293.10 16234.10 USD Million Oct/21
Exports 22026.20 20605.60 USD Million Oct/21
Terms of Trade 102.58 100.58 points Sep/21
Tourist Arrivals 126513.00 127314.00 Sep/21

News Stream
Indonesia Posts Largest Trade Surplus on Record
Indonesia's trade surplus widened to a record of USD 5.74 billion in October of 2021 from USD 3.58 billion in the same month of the previous year and above market consensus of USD 3.87 billion. This was the eighteenth straight month of the trade surplus, as exports rose more than imports, amid surging commodity prices. Exports jumped 53.35 percent over a year earlier to an all-time high of USD 22.03 billion, boosted by both non-oil products (52.75 percent) and oil and gas products (66.84 percent). Imports surged at a softer 51.06 percent to USD 16.29 billion, the ninth straight month of increase, as purchases of non-oil and gas surged by 48.29 percent while those of oil and gas soared 75.94 percent. Considering the first ten months of the year, the trade goods a recorded surplus USD 30.81 billion, as exports rose by 41.80 percent while imports advanced at a softer 35.86 percent.
2021-11-15
Indonesia Trade Surplus Widens in September
IIndonesia's trade surplus widened to USD 4.37 billion in September of 2021 from USD 2.39 billion in the same month of the previous year and above market consensus of USD 3.84 billion. This was the seventeenth straight month of the trade surplus, as exports rose more than imports, amid surging commodity prices. Exports jumped 47.64 percent over a year earlier to USD 20.60 billion, boosted by both non-oil products (48.03 percent) and oil and gas products (39.79 percent). Imports rose at a softer 40.31 percent to USD 16.23 billion, the eighth straight month of increase, as purchases of non-oil and gas surged by 38.18 percent while those of oil and gas soared 59.15 percent. Considering the first nine months of the year, the trade goods a recorded surplus USD 25.07 billion, as exports rose by 40.38 percent while imports advanced at a softer 34.27 percent.
2021-10-15
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 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. .