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.