Indonesia Balance of Trade 1960-2015 | Data | Chart | Calendar | Forecast

Indonesia recorded a trade deficit of 425.70 USD Million in November of 2014. Balance of Trade in Indonesia averaged 763.71 USD Million from 1960 until 2014, 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. Balance of Trade in Indonesia is reported by the Statistics Indonesia.

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Indonesia Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-425.70 20.00 4641.92 -2329.13 1960 - 2014 USD Million Monthly
Since the 1970’s Indonesia has been recording consistent trade surpluses due to robust exports growth. However, since 2012 the country started recording trade deficits as exports fell due to a slowdown in the global economy and falling commodity prices. In recent years, the biggest trade deficits were recorded with Thailand, Japan, South Korea, Australia and Germany. Indonesia records trade surpluses with India, United States, Malaysia, United Kingdom and Singapore. . This page provides - Indonesia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Indonesia Balance of Trade - was last refreshed on Monday, January 26, 2015.


Indonesia Trade Balance Swings to Deficit in November


Indonesia posted a USD 426 million trade deficit in November of 2014, swinging from a surplus of USD 20 million in the preceding month and from a USD 789 million a year earlier. Year-on-year, exports and imports declined by 14.57 percent and 7.31 percent respectively.

In November, exports amounted to USD 13.62 billion. Sales of non-oil and gas products fell by 12.62 percent year-on-year and oil and gas exports dropped by 23.85 percent. Imports amounted to USD 14.04 billion with purchases of non-oil and gas products falling by 5.73 percent and of oil and gas declining by  11.83 percent.

On a monthly basis, exports fell by 11.29 percent while imports decreased by 8.39 percent. Oil exports fell 14.68 percent in November, while sales of non-oil and gas products declined  10.64 percent. By products, sales of animal or vegetarian fats and oils were down the most by 18.74 percent, followed by vehicles other than railway (-15.71 percent); rubber and rubber articles (-14.60 percent) and electrical machinery, sound recording, tv, etc (-13.61 percent). In contrast, outward shipment were higher for optical, photographic and medical instruments (+49.16 percent); mineral fuels and mineral oil products (+12.46 percent); footwear, gaiters and the like (+4.16 percent); cocoa and cocoa preparations (+1.65 percent) and iron and steel (+0.95 percent).

Outbond shipments to the country's major trading partners were mostly down except those to China. Exports to Australia fell the most by 46.89 percent, followed by India (-21.08 percent), the US (-11.65 percent), the European countries (-10.36 percent) and Taiwan (-2.39 percent). Sales to China recorded a 12.86 increase in the month.

Purchases of oil and gas in November fell 2.92 percent over a month earlier, while those of non-oil and gas  also declined 10.06 percent. Inbound shipments from major destinations were down except those to China and the European countries. Imports from India fell the most by 20.32 percent, followed by Australia (-18.79 percent), Japan (-18.63 percent), South Korea (-15.93 percent)and the ASEAN countries (-14.12 percent). Purchases from China and the European countries in the month increased by 4.44 percent and 1.48 percent respectively.

By category, imports of capital goods declined the most by 16.20 percent in November from a month earlier, followed by raw materials (-7.29 percent) and consumption goods (-0.17 percent).

Statistics Indonesia l Rida Husna l rida.husna@tradingeconomics.com
1/2/2015 4:56:12 AM


Recent Releases

Indonesia Registers Small Trade Surplus in October
Indonesia posted a USD 20 million trade surplus in October of 2014, swinging from a USD 270 million deficit in the preceding month, but down from a USD 24.3 million surplus a year earlier. Year-on-year, exports and imports declined by 2.21 percent. Published on 2015-01-02

Indonesia Trade Deficit Narrows in September
In September of 2014, Indonesia's trade gap decreased to USD 0.27 billion from a USD 0.80 billion deficit a year earlier as exports grew faster than imports. In August, the country posted a revised USD 0.31 billion trade deficit. Published on 2014-11-03


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-03 04:15 AM
Balance of Trade  Sep
$-0.27B $-0.31B (R) $-0.2B $ 0.1B
2014-12-01 04:15 AM
Balance of Trade  Oct
$0.02B $-0.27B $ 0.07B $ 0.2B
2015-01-02 03:00 AM
Balance of Trade  Nov
$-0.43B $0.02B $0.015B $ -0.3B
2015-02-02 03:15 AM
Balance of Trade  Dec
$-0.43B $ -0.3B
2015-03-03 04:15 AM
Balance of Trade  Jan
$ -0.6B
2015-04-01 04:15 AM
Balance of Trade  Feb
$ -0.5B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -425.70 20.00 4641.92 -2329.13 USD Million [+]
Exports 13615.90 15349.00 18647.83 30.00 USD Million [+]
Imports 14041.60 15328.00 17416.99 21.00 USD Million [+]
Current Account -6835.90 -8689.00 3795.00 -10133.00 USD Million [+]
Current Account to GDP -3.30 -2.80 4.80 -6.80 percent [+]
External Debt 264060.33 251199.94 264060.33 132629.00 USD Million [+]
Terms of Trade 96.78 96.40 135.30 89.01 Index Points [+]
Foreign Direct Investment 78300.00 78000.00 78300.00 35400.00 Billion IDR [+]
Remittances 2192.00 1901.00 2192.00 1202.00 USD Million [+]
Tourist Arrivals 764461.00 808767.00 860655.00 548821.00 [+]
Gold Reserves 78.07 78.07 96.45 73.09 Tonnes [+]
Crude Oil Production 800.00 800.00 1720.00 785.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico -1076.36 Nov/14 143.00 1710.25 -3292.30 USD Million [+]
Netherlands 4531.00 Nov/14 4849.00 4948.70 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5780.00 Dec/14 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8316.49 Nov/14 -6273.41 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]