Indonesia's trade surplus widened slightly to USD 2.90 billion in May of 2022 from USD 2.70 billion in the same month of the previous year, but was lower than market expectations of USD 3.83 billion. Exports grew 27 percent over a year earlier to a three-month low of USD 21.51 billion, the softest pace in four months, due to less working days during the Eid-ul Fitr festival and following the country's ban on palm oil shipments. Meanwhile, imports rose at a faster 30.74 percent to USD 18.61 billion, amid strengthening domestic demand. For the first five months of the year, the goods posted a surplus of USD 19.79 billion, with exports and imports surging by 36.34 percent and 28.93 percent, respectively. source: Statistics Indonesia

Balance of Trade in Indonesia averaged 796.72 USD Million from 1960 until 2022, reaching an all time high of 7560 USD Million in April of 2022 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 July of 2022.

Balance of Trade in Indonesia is expected to be 2000.00 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 2023 and 3700.00 USD Million in 2024, according to our econometric models.

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Indonesia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 04:00 AM Apr $7.56B $4.54B $3.25B $2.9B
2022-06-15 04:00 AM May $2.9B $7.56B $3.83B $5.3B
2022-07-15 04:00 AM Jun $2.9B $ 2B


Related Last Previous Unit Reference
Balance of Trade 2895.20 7564.90 USD Million May 2022
Imports 18610.20 19763.70 USD Million May 2022
Exports 21505.40 27322.30 USD Million May 2022
Terms of Trade 105.04 107.76 points Apr 2022
Tourist Arrivals 212322.00 111057.00 May 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
2895.20 7564.90 7564.90 -2329.13 1960 - 2022 USD Million Monthly

News Stream
Indonesia Trade Surplus Smaller than Expected
Indonesia's trade surplus widened slightly to USD 2.90 billion in May of 2022 from USD 2.70 billion in the same month of the previous year, but was lower than market expectations of USD 3.83 billion. Exports grew 27 percent over a year earlier to a three-month low of USD 21.51 billion, the softest pace in four months, due to less working days during the Eid-ul Fitr festival and following the country's ban on palm oil shipments. Meanwhile, imports rose at a faster 30.74 percent to USD 18.61 billion, amid strengthening domestic demand. For the first five months of the year, the goods posted a surplus of USD 19.79 billion, with exports and imports surging by 36.34 percent and 28.93 percent, respectively.
2022-06-15
Indonesia Posts Largest Trade Surplus on Record
Indonesia's trade surplus widened sharply to an all-time high of USD 7.56 billion in April of 2022 from USD 2.29 billion in the same month of the previous year and far above market consensus of USD 3.25 billion, amid surging commodity prices. Exports surged 47.76 percent over a year earlier to a new record peak of USD 27.32 billion, the fastest pace in five months, supported by both non-oil products (47.70 percent) and oil and gas products (48.92 percent); while imports rose at a softer 21.97 percent to USD 19.76 billion, the softest growth since February 2021, with purchases of non-oil and gas rising 12.47 percent and those of oil and gas jumping 88.48 percent. For the first four months of the year, the goods posted a surplus of USD 16.89 billion, with exports and imports surging by 38.68 percent and 28.51 percent, respectively.
2022-05-17
Indonesia Posts Largest Trade Surplus in 5 Months
Indonesia's trade surplus increased sharply to USD 4.53 billion in March of 2022 from USD 1.57 billion in the same month of the previous year and beating market consensus of USD 2.89 billion. This was the largest trade surplus since last October, amid rising commodity prices. Exports jumped 44.36 percent over a year earlier to a record high of USD 26.50 billion, the strongest growth in four months, supported by both non-oil products (43.82 percent) and oil and gas products (54.75 percent); while imports rose 30.85 percent to a record peak of USD 21.97 billion, with purchases of non-oil and gas growing 27.34 percent and those of oil and gas surging 53.22 percent. For the first quarter of the year, the goods posted a surplus of USD 9.34 billion, with exports and imports surging by 35.25% and 30.97, respectively.
2022-04-18