Indonesia Balance of Trade

Indonesia recorded a trade surplus of 785.30 USD Million in February of 2014. Balance of Trade in Indonesia is reported by the Statistics Indonesia. Balance of Trade in Indonesia averaged 779.84 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. Since the 1970’s Indonesia has been recording trade surpluses due to exports growth. However, in 2012, the country posted trade deficit, as exports fell due to a slowdown in the global economy and surge in imports. Indonesia major exports are: oil and gas, electrical equipment, machinery and oils. The country imports mainly oil, electrical equipment, iron and steel. Main trading partners are: China (14 percent of total exports and 19 percent of total imports), Japan (12 percent of exports and 15 percent of imports) and the United States (9.5 percent of exports and 7.5 percent of imports). Others include: Singapore, Malaysia and South Korea. This page provides - Indonesia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
785.30 -430.60 4641.92 -2329.13 647.23 | 2014/03 1960 - 2014 USD Million Monthly

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Indonesia Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-02 02:00 AM Indonesia
Balance of Trade
Nov 2013 USD 0.78B USD 0.03B (R) USD -0.1B
2014-02-03 02:00 AM Indonesia
Balance of Trade
Dec 2013 USD 1.52B USD 0.78B USD 0.55B USD -0.1B
2014-03-03 04:00 AM Indonesia
Balance of Trade
Jan 2014 USD -0.44B USD 1.52B USD 0.4B USD 0B
2014-04-01 05:00 AM Indonesia
Balance of Trade
Feb 2014 USD 0.79B USD -0.44B USD 0.06B USD 0.2B
2014-05-02 03:00 AM Indonesia
Balance of Trade
Mar 2014 USD 0.79B USD 0.6B
2014-06-02 02:00 AM Indonesia
Balance of Trade
Apr 2014 USD 0.5B
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Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 785.30 2014-02-15 -430.60 4641.92 -2329.13 647.23 2014-03-31 USD Million [+]
Current Account -4018.00 2013-11-15 -8449.00 3795.00 -9954.00 -6370.85 2014-03-31 USD Million [+]
Exports 14570.60 2014-02-15 14472.30 18647.83 30.00 14514.07 2014-03-31 USD Million [+]
Imports 13785.30 2014-02-15 14916.20 17416.99 21.00 14152.92 2014-03-31 USD Million [+]
Current Account to GDP -3.20 2013-12-31 -2.70 4.80 -6.80 -3.98 2014-06-30 Percent [+]
Crude Oil Production 785.00 2013-12-15 793.00 1720.00 785.00 779.78 2014-01-31 Thousands Barrels per Day [+]
External Debt 264060.33 2013-12-31 251199.94 264060.33 132629.00 270540.55 2014-06-30 USD Million [+]
Foreign Direct Investment 72000.00 2014-02-15 71200.00 72000.00 35400.00 76700.36 2014-06-30 Billion IDR [+]
Remittances 1852.00 2013-11-15 1835.00 1866.00 1202.00 1837.75 2014-06-30 USD Million [+]
Terms of Trade 104.96 2014-02-15 106.51 135.30 89.01 104.86 2014-03-31 Index Points [+]
Tourist Arrivals 702666.00 2014-02-15 753079.00 860655.00 548821.00 786486.71 2014-03-31 [+]
[+]


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


RELATED NEWS

Bank Indonesia Leaves Rates Unchanged  
At its April 8th, 2014 meeting, Bank Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, as inflation, current account and rupiah pressures eased.
Bank Indonesia Leaves Monetary Policy on Hold  
Bank Indonesia decided on March 13th, 2014 to hold the benchmark interest rate steady at 7.5 percent for the fourth straight meeting, as pressures over the inflation rate and the rupiah have eased.
Indonesia Holds Rates Steady in February  
At its February 13th, 2014 meeting, Bank Indonesia left its benchmark interest rate unchanged at 7.5 percent, as widely expected, as the country’s current account deficit had narrowed sharply in the last quarter of 2013. The lending and deposit facility rates were also left unchanged at 7.50 percent and 5.75 percent, respectively.
Indonesia GDP Accelerates in Q4 2013  
In the last quarter of 2013, Indonesian GDP advanced at a faster-than-expected 5.72 percent over a year earlier, up from 5.62 percent in the previous quarter and breaking a two-year trend of declining GDP.
Bank Indonesia Leaves Rates on Hold in January  
In its January 9th meeting, Bank Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, as widely expected. The lending and deposit facility rates were also left on hold at 7.50 percent and 5.75 percent, respectively.
Indonesia Monetary Policy Unchanged in December  
At its December 12th meeting, Bank of Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, its highest level since 2009. The Central Bank said its decision was consistent with efforts to lower the annual inflation rate to 3.5-5.5 percent in 2014.
Bank Indonesia Raises the BI Rate by 25 bps to 7.5%  
In its November 12th meeting, Bank Indonesia decided to raise the BI rate for the fifth time this year by 25 bps to 7.5 percent. The benchmark interest rate is now at its highest since 2009, as policy makers keep efforts to decrease the current account deficit that has weighed on the rupiah.
Indonesian GDP Growth Slows to 5.62% YoY in Q3  
In the third quarter of 2013, Indonesian economy expanded by an annual 5.62 percent, the lowest growth rate in nearly four years. A surge in government spending was not enough to offset a slowdown in investment, hurt by higher borrowing costs as the central bank rose the interest rate by 150 bps since June to curb inflation and a slide in the currency.
Bank Indonesia Keeps BI rate On Hold at 7.25%  
The Bank Indonesia decided on October 8th to leave the BI Rate unchanged at 7.25 percent after raising it by 150 bps this year.
Bank Indonesia Raises the BI Rate to 7.25%  
Bank Indonesia decided on September 12th to raise the BI Rate for the fourth time this year by 25 bps to 7.25 percent and after having raised it by 50 bps later August. The central bank attempts to stabilize the rupiah, control the inflation rate and the current account.
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