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

Indonesia recorded a trade surplus of 709.40 USD Million in January of 2015. Balance of Trade in Indonesia averaged 764.64 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
709.40 186.80 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, 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 Friday, March 6, 2015.


Indonesia Trade Surplus Beats Markets Expectations


Indonesia reported a USD 709.4 million trade surplus in January of 2015, swinging from a USD 443.9 million deficit a year earlier as imports declined much faster than exports.

In January, exports fell by 8.1 percent year-on-year to USD 13.30 billion. Sales of non-oil and gas products fell by 6.24 percent to USD 11.22 billion and those of oil and gas dropped by 16.98 percent to USD 2.07 billion.

Imports declined by 15.6 percent year-on-year to USD 12.59 billion. Purchases of non-oil and gas products fell by 7.83 percent to USD 10.48 billion and those of oil and gas declined by 40.42 percent to USD 2.11 billion.

Compared to the previous month, exports decreased by 8.51 percent. Oil exports declined by 11.75 percent and sales of non-oil and gas products fell by 8.51 percent. By products, sales of machines/electrical equipment decreased the most by 14.70 percent to USD 690.9  million, followed by machines/mechanical equipment (-10.02 percent to USD 426.9 million); fat and animal/natural oils (-9.55 percent to USD 1.54 billion); mineral fuels (-7.83 percent to USD1.52 billion) and rubber and rubber articles (-8.75 percent to USD458.6 million. In contrast, exports increased for: pearls/germs increased by 61.77 percent to USD 768.5 million; copper (+27.82 percent to USD179.8 million); processed foods (+19.09 percent to USD72.6 million) and iron and steel products (+1.62 percent to USD139.6 million). 

Outbound shipments to the country's major trading partners were down except those to Taiwan. Sales to China decreased the most by 18.71 percent to USD 1.08 billion, followed by the European countries (-18.48 percent to USD 1.18 billion), the ASEAN countries (-4.68 percent to USD 2.33 billion)the US (-14.46 percent to USD 1.25 billion), Japan(-8.76 percent to USD 1.15 billion), India (-8.93 percent to USD 901.1 million) and South Korea (-6.63 percent to USD454.6 million). Sales to Taiwan, however, rose by 31.3 percent to USD 437.9 million.

Compared to the previous month, imports decreased 12.77 percent. Purchases of oil and gas in fell 37.59 percent while those of non-oil and gas fell  by 5.15 percent. Imports declined for consumption goods (-31.24 percent to USD 12.59 billion) and raw materials (-13.41 percent to USD 9.60 billion). In contrast, imports of capital goods rose slightly by 0.09 percent to USD 2.2 billion). Inbound shipments from major destinations were mostly down except those from the EU countries, India and Taiwan. Imports from China declined the most by 8.09 percent to USD 2.69 billion, followed by the ASEAN countries (-5.66 percent to USD 2.14 billion), Japan (-4.26 percent to USD 1.17 billion), the US (-5.68 percent to USD 581.0 million), South Korea (-9.99 percent to USD613.5 million) and Australia (-19.93 percent to USD 355.9 million). Purchases increased from :the EU countries (+4.85 percent to USD 1.01 billion), India (+3.29 percent to USD 267.2 million) and Taiwan (+5.64 percent to USD 333.2 percent).

In December 2014, the country posted a USD 190 million trade surplus.

Statistics Indonesia l Rida Husna l rida@tradingeconomics.com
2/16/2015 3:26:14 PM


Recent Releases

Indonesia Posts USD 190 Million Trade Surplus in December
Indonesia reported a USD 190 million trade surplus in December of 2014, down from a USD 1510 million a year earlier as exports declined more than imports. Published on 2015-02-02

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. Published on 2015-01-02


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
$ 0.19B $-0.43B $ 0.11B $ -0.3B
2015-02-16 03:00 AM
Balance of Trade  Jan
$ 0.71B $ 0.19B $ -0.14B $ -0.25B
2015-03-16 04:00 AM
Balance of Trade  Feb
$ 0.71B $ -0.4B
2015-04-15 04:15 AM
Balance of Trade  Mar
$ -0.4B
2015-05-15 04:15 AM
Balance of Trade  Apr
$ -0.7B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 709.40 186.80 4641.92 -2329.13 USD Million [+]
Exports 13300.90 14621.30 18647.83 30.00 USD Million [+]
Imports 12591.50 14434.50 17416.99 21.00 USD Million [+]
Current Account -6180.60 -6835.90 3795.00 -10133.00 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 95.40 97.35 135.30 89.01 Index Points [+]
Foreign Direct Investment 78700.00 78300.00 78700.00 35400.00 Billion IDR [+]
Remittances 2103.00 2194.00 2194.00 1202.00 USD Million [+]
Tourist Arrivals 723039.00 915334.00 915334.00 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 -980.00 Jan/15 -503.00 2219.00 -3897.00 AUD Million [+]
Brazil -2842.00 Feb/15 -3173.95 5659.37 -4058.14 USD Million [+]
Canada -2451.00 Jan/15 -1218.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3726.00 Jan/15 -3296.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 15896.00 Jan/15 12927.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -41752.00 Jan/15 -45601.00 1946.00 -67823.00 USD Million [+]