Indonesia Balance of Trade  1960-2016 | Data | Chart | Calendar | Forecast

Indonesia recorded a USD0.23 billion trade deficit in December of 2015, swinging from a USD0.19 billion surplus reported a year earlier and missing market consensus of a surplus. It is the second trade deficit for this year, as exports fell more than imports. In December, exports declined 17.66 percent year-on-year to USD11.89 billion while imports fell by 16.02 percent to USD12.12 billion. In November 2015, the country registered a downwardly revised USD0.41 billion deficit. For full year of 2015, the country registered a USD7.52 billion trade surplus, as compared to a USD1.88 billion gap in the preceding year. Balance of Trade in Indonesia averaged 762.16 USD Million from 1960 until 2015, 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.

Indonesia Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-230.00 -410.00 4641.92 -2329.13 1960 - 2015 USD Million Monthly
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-16 04:00 AM Oct $1.01B $1.02B $0.7B $1.04B
2015-12-15 04:00 AM Nov $-0.35B $1.01B $0.84B $ 0.9B
2016-01-15 04:00 AM Dec $-0.23B $-0.41B $0.1B $ -0.18B
2016-02-15 04:00 AM Jan $-0.23B $ 0B
2016-03-15 04:00 AM Feb $ -0.3B
2016-04-15 04:00 AM Mar $ -0.1B

Indonesia Trade Balance Swings to Deficit in December


Indonesia recorded a USD0.23 billion trade deficit in December of 2015, swinging from a USD0.19 billion surplus reported a year earlier and missing market consensus of a surplus. It is the second trade deficit for this year, as exports fell more than imports.

In December, exports declined by a less-than-expected 17.66 percent year-on-year to USD11.89 billion, following a downwardly revised 17.95  percent drop in a month earlier. Sales of non-oil and gas products dropped by 13.71 percent to USD10.59 billion and those of oil and gas dropped by 40.06 percent to USD1.23 billion.

Imports also fell by a less-than-expected 16.02 percent year-on-year to USD12.12 billion, following an upwardly revised 17.95 percent decline in the preceding month. Purchases of non-oil and gas products fell by 6.53 percent to USD10.33 billion and those of oil and gas decreased by 46.95 percent to USD1.80 billion.

Compared to the previous month, exports increased by 6.98 percent. Oil exports dropped 13.20 percent and sales of non-oil and gas products rose 10.12 percent. By product, sales declined for: electric equipment/machinery (-1.98 percent to USD659.2 million), mechanical equipment (-4.47 percent to USD380.2 million), footwear (-5.26 percent to USD410.4 million),  iron and steel articles (-28.98 percent to USD105.4 million) and processed food (-12.49 percent to USD66.8 million). In contrast, outbond shipments rose for: animal/vegetables fat and oils (+14.85 percent to USD1.62 billion); clothing/unknitted wear (+30.02 percent to USD388.4 million); ores, slag and ash (+366.61 percent to USD482.2 million); pulp (+64.93 percent to USD149.3 million) and tins (+128.40 percent to USD90.3 million). 

While sales marginally declined to the ASEAN countries (-0.08 percent to USD2.10 billion), outbond shipments rose to most of  the country's main trading partners. Those to China grew by 19.66 percent to USD1.23 billion, followed byJapan (+19.35 percent to USD1.18 billion), the US (+14.56 percent to USD1.32 billion), India (+2.61 percent to USD880.0 million), South Korea (+20.10 percent to USD436.7 million), the EU countries (+9.99 percent to USD1.23 billion) and Taiwan (+1.76 percent to USD217.4 million).  

Compared to a month earlier, imports increased by 5.23 percent. Purchases of oil and gas rose 9.61 percent and those of non-oil and gas rose 4.50 percent. Imports were up for all categories: raw materials (+2.86 percent to USD8.77 billion ), consumption goods (+13.95 percent to USD1.10 billion) and capital goods (+ 11.05 percent to USD2.26 billion.

In November 2015, the country posted a  downwardly revised USD0.41 bllion trade deficit. 

For full year of 2015, exports dropped by 14.6 percent to USD150.25 billion while imports fell at a faster 19.9 percent to USD142.74 billion. That brought  a USD7.52 billion trade surplus for the year, the first  gain since 2011. In 2014, trade deficit stood at USD1.88 billion.

Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
1/15/2016 5:01:30 AM

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -230.00 -410.00 4641.92 -2329.13 USD Million [+]
Exports 11886.30 11111.20 18647.83 30.00 USD Million [+]
Imports 12122.10 11509.80 17416.99 21.00 USD Million [+]
Current Account -4010.50 -4249.50 3795.00 -10125.60 USD Million [+]
Current Account to GDP -2.95 -3.20 4.80 -6.80 percent [+]
External Debt 292578.54 264060.33 292578.54 132629.00 USD Million [+]
Terms of Trade 96.41 95.35 135.30 89.01 Index Points [+]
Foreign Direct Investment 92200.00 82100.00 92200.00 35400.00 IDR Billion [+]
Remittances 2326.00 2329.00 2384.00 1202.00 USD Million [+]
Tourist Arrivals 763237.90 780591.10 915334.00 548821.00 [+]
Gold Reserves 78.07 78.07 96.45 73.09 Tonnes [+]
Crude Oil Production 822.00 810.00 1720.00 772.00 BBL/D/1K [+]
Terrorism Index 4.76 4.78 6.55 3.92 [+]




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