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.