Indonesia Balance of Trade  1960-2017 | Data | Chart | Calendar | Forecast

Indonesia posted a trade surplus of 1.39 USD billion in January of 2017, compared to a 0.014 USD billion surplus a year earlier and above market estimates of a 0.85 USD billion surplus. It was the largest surplus since December 2013, as exports rose much more than imports. Year-on-year, exports jumped 27.71 percent to 13.38 USD billion, following a 15.57 percent rise in the prior month and beating market consensus of a 21.7 percent gain. Imports went up 14.54 percent to 11.99 USD billion, following a 5.82 percent growth in a month earlier while markets expected a 13.88 percent rise. In December 2016, trade surplus was upwardly revised to 1.05 USD billion. Balance of Trade in Indonesia averaged 762.87 USD Million from 1960 until 2017, reaching an all time high of 4641.92 USD Million in December of 2006 and a record low of -2329.13 USD Million in July of 2013.

Indonesia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-15 04:00 AM Nov $0.84B $1.24B $0.82B $0.75B
2017-01-16 04:00 AM Dec $0.99B $0.83B $0.84B $0.5B
2017-02-16 04:00 AM Jan $1.39B $1.05B $0.85B $1.4B
2017-03-15 04:00 AM Feb $1.39B $1.6B
2017-04-17 04:00 AM Mar $0.9B
2017-05-16 04:00 AM Apr $1.1B




Indonesia Trade Surplus Largest In 3 Years In January


Indonesia posted a trade surplus of 1.39 USD billion in January of 2017, compared to a 13.6 USD million surplus a year earlier and above market estimates of a 0.85 USD billion surplus. It was the largest surplus since December 2013, as exports rose much more than imports.

Year-on-year, exports from Indonesia jumped 27.71 percent from a year earlier to 13.38 USD billion in January of 2017, compared to a 15.57 percent rise in December 2016 while market estimated a 21.73 percent growth. It was the fourth straight month of increase and the fastest since September 2011, as sales of non-oil and gas products went up 29.24 percent to 12.11 USD billion while those of oil and gas rose by 14.77 percent to 1.27 USD billion
 
Imports went up 14.54 percent to 11.99 USD billion, following a 5.82 percent growth in a month earlier while markets expected a 13.88 percent gain. It was the fourth consecutive month of increases, as purchases of non-oil and gas rose 10.12 percent to 10.18 USD billion while those of oil and gas increased 48.03 percent to 1.81 USD billion.

Compared to the previous month, outbond shipment decreased 3.21 percent, as non-oil and gas products dropped by 3.70 percent while sales oil exports increased by 1.72 percent. By categories, outbound shipments rose for: mineral fuels (0.58 percent), rubber and rubber goods (10.55 percent), iron & steel (21.22 percent), vehicles & parts (7.93 percent), machinery/aircraft mechanics (7.23 percent) and goods from iron & steel (21.22 percent). In contrast, sales decreased for:  jewelry, gems (-14.71 percent), apparel not knitted (-8.82 percent), and ore, cruct and gray metal (-27.56 percent)
 
Sales went up to India (42.91 percent). In contrast, exports fell to most of the country's trading partnes : the ASEAN countries (-12.62 percent), the EU (-4.44 percent), Japan (-6.75 percent), China (-17.52 percent), the US (-2.13 percent), South Korea (-10.53 percent), and Taiwan (-11.65 percent).
 
Compared to the prior month, inbound shipments decreased by 6.21 percent. While purchases of non-oil and gas went down 8.12 percent, those of oil and gas increased by 6.25 percent. Imports went up the most for raw material (20.92 percent to 9.06 USD billion), followed by capital goods (6.04 percent to 1.92 USD billion). In contrast, purchases decreased for consumption goods (-13.39 percent to 1 USD billion).
 



 

Statistic of Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
2/16/2017 6:10:18 AM



Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 1395.80 1046.20 4641.92 -2329.13 USD Million [+]
Exports 13384.80 13828.70 18647.83 30.00 USD Million [+]
Imports 11989.00 12782.50 17416.99 21.00 USD Million [+]
Current Account -1812.00 -4680.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.80 -2.00 4.80 -6.80 percent [+]
External Debt 316968.36 310670.25 316968.36 132629.00 USD Million [+]
Terms of Trade 108.17 107.06 117.70 77.43 Index Points [+]
Foreign Direct Investment 101300.00 99700.00 101300.00 35400.00 IDR Billion [+]
Remittances 2096.00 2195.00 2390.00 1202.00 USD Million [+]
Tourist Arrivals 957828.00 855545.00 987819.00 548821.00 [+]
Gold Reserves 78.07 78.07 96.45 73.09 Tonnes [+]
Crude Oil Production 847.00 837.00 1720.00 764.00 BBL/D/1K [+]
Terrorism Index 4.43 4.76 6.55 3.92 [+]
Weapons Sales 4.00 8.00 49.00 1.00 USD Million [+]



Indonesia Balance of Trade Notes

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. . 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 - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1395.80 1046.20 4641.92 -2329.13 1960 - 2017 USD Million Monthly



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Kazakhstan 1443.10 Dec/16
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Liechtenstein 343493.00 Dec/16
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Luxembourg -0.37 Dec/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
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Mexico 28.00 Dec/16
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Mongolia 151.40 Jan/17
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Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
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Netherlands 5494.00 Dec/16
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North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
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Papua New Guinea 3223.00 Jun/16
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Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
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