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

Indonesia recorded a USD 0.59 billion trade surplus in July of 2016, down from USD 1.38 billion surplus reported a year earlier and below market estimates of a surplus of USD 0.8 billion, as exports fell more than imports. Year-on-year, sales unexpectedly dropped by 17.02 percent to USD 95.1 billion, following a 4.42 percent decline in June while market expected a 0.97 percent increase. Imports decreased by 11.56 percent to USD 89.20 billion, compared to a 7.41 percent fall in June and market consensus of a 6.18 percent rise. In June 2016, trade surplus was marginally revised to USD 0.89 billion. Balance of Trade in Indonesia averaged 760.69 USD Million from 1960 until 2016, 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
598.30 879.20 4641.92 -2329.13 1960 - 2016 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-15 04:00 AM May $0.37B $0.66B $0.68B $ 0.8B
2016-07-15 02:15 AM Jun $0.9B $0.37B $0.3B $ 0.5B
2016-08-15 04:00 AM Jul $0.59B $0.89B $0.8B $1.3B
2016-09-15 04:00 AM Aug $0.59B $ 0.6B
2016-10-15 04:00 AM Sep $ 0.2B
2016-11-16 04:00 AM Oct $ 0.6B

Indonesia Trade Surplus Narrows in July


Indonesia recorded a USD 0.59 billion trade surplus in July of 2016, down from USD 1.38 billion surplus reported a year earlier and below market estimates of a surplus of USD 0.8 billion, as exports fell more than imports.

Year-on-year, sales unexpectedly dropped by 17.02 percent to USD 95.1 billion, following a 4.42 percent decline in June while market expected a 0.97 percent increase. It was the 22nd straight month of fall as sales of non-oil and gas products decreased by 8.78 percent to USD 8.52 billion and those of oil and gas dropped by 34.32 percent to USD 998.6 billion.

Imports decreased by 11.56  percent to USD 89.20 billion, compared to a 7.41 percent fall in June and market consensus of a 6.18 percent rise. It was also the 22nd consecutive month of fall. Purchases of non-oil and gas products fell 4.43 percent to USD 7.44 billion and those of oil and gas decreased by 35.77 percent to USD 1.47 billion.

Compared to the previous month, exports were down  by 26.67 percent. Oil exports dropped by 15.89 percent and sales of non-oil and gas products fell 27.75 percent. By categories, sales declined for: machine/electrical equipments (-28.96 percent), pearls, precious and semi-precious stones (-45.14 percent), machine/mechanical equipment (-35.69 percent), apparel not knitted (+49.51 percent) and ores, crust, metal ash (-57.24 percent). In contrast, outbound shipments increased for: iron and steel articles (+130.82 percent), pulp (+16.0 percent), residual food industry (+7.93 percent), aircraft and  parts (+5.16 percent) and live animals (+11.96 percent).
Sales were lower to all of the country's main trading partners: the ASEAN countries (-26.14 percent to USD 1.91 billion), the EU countries (-22.90 percent to USD 954.5 million), Japan (-34.11 percent to USD 821.64 million), China (+25.07 percent to USD 915.7 million), the US (-39.01 percent to USD 991.0 million), India (-15.63 percent to USD 652.9 million)  and South Korea (-24.51 percent to USD 363.8 million). 

Compared to a month earlier, imports went down 26.28 percent. Purchases of oil and gas decreased by 16.84 percent and those of non-oil and gas declined by 27.91 percent. Imports dropped for all categories: consumption goods(-36.64 percent to USD 723.3 million), raw materials (-24.36 percent to USD 6.78 billion) and capital goods (-29.0 percent to USD 1.42 billion).

In June 2016, trade surplus was marginally revised to USD 0.89 billion.

Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
8/15/2016 8:24:47 AM

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 598.30 879.20 4641.92 -2329.13 USD Million [+]
Exports 9510.00 12917.10 18647.83 30.00 USD Million [+]
Imports 8920.00 12016.90 17416.99 21.00 USD Million [+]
Current Account -4679.00 -4762.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -2.06 -3.20 4.80 -6.80 percent [+]
External Debt 310670.25 292578.54 310670.25 132629.00 USD Million [+]
Terms of Trade 105.22 105.89 117.70 77.43 Index Points [+]
Foreign Direct Investment 99400.00 96100.00 99400.00 35400.00 IDR Billion [+]
Remittances 2301.00 2329.00 2384.00 1202.00 USD Million [+]
Tourist Arrivals 821506.00 841723.00 915334.00 548821.00 [+]
Gold Reserves 78.07 78.07 96.45 73.09 Tonnes [+]
Crude Oil Production 801.00 800.00 1720.00 772.00 BBL/D/1K [+]
Terrorism Index 4.76 4.78 6.55 3.92 [+]
Weapons Sales 4.00 8.00 49.00 1.00 USD Million [+]




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