Indonesia Balance of Trade  1960-2017 | Data | Chart | Calendar | Forecast

Indonesia posted a trade surplus of 1.31 USD billion in February of 2017, compared to a 1.14 USD billion surplus a year earlier and above market estimates of a 1.2 USD billion surplus. Year-on-year, exports increased 11.16 percent to 12.57 USD billion, following a 27.71 percent rise in the prior month and below market consensus of a 15.19 percent gain. Imports went up 10.61 percent to 11.26 USD billion, following a 14.54 percent growth in a month earlier while markets expected a 13.00 percent rise. In January 2017, trade surplus was upwardly revised to 1.43 USD billion. Considering January to February, the goods surplus was recorded 2.75 USD billion, exports rose by 19.20 percent compared to the same period a year earlier to 25.98 USD billion while imports increased 12.51 percent to 23.22 USD billion. Balance of Trade in Indonesia averaged 762.87 USD Million from 1960 until 2017, 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.

Indonesia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-16 04:00 AM Dec $0.99B $0.83B $0.84B $0.5B
2017-02-16 04:00 AM Jan $1.39B $1.05B $0.85B $1.4B
2017-03-15 04:00 AM Feb $1.31B $1.43B $1.2B $1.6B
2017-04-17 04:00 AM Mar $1.31B $0.9B
2017-05-16 04:00 AM Apr $1.1B
2017-06-15 04:00 AM May $0.5B




Indonesia Trade Surplus Widens In February


Indonesia posted a trade surplus of 1.31 USD billion in February of 2017, compared to a 1.14 USD billion surplus a year earlier and above market estimates of a 1.2 USD billion surplus. Considering January to February, the goods surplus was recorded 2.75 USD billion, exports rose by 19.20 percent compared to the same period a year earlier to 25.98 USD billion while imports increased 12.51 percent to 23.22 USD billion.

Year-on-year exports from Indonesia increased 11.16 percent from a year earlier to 12.57 USD billion in February of 2017, compared to a 27.71 percent rise in January and slower than market estimates of a 15.19 percent growth. It was the fifth straight month of increase, as sales of non-oil and gas products went up 11.55 percent to 11.38 USD billion while those of oil and gas rose by 7.62 percent to 1.20 USD billion.
 
Imports went up 10.61 percent to 11.26 USD billion in February of 2017, following a 14.54 percent growth in a month earlier while markets expected a 13.00 percent gain. It was the fifth consecutive month of increases, as purchases of oil and gas jumped 116.04 percent to 2.43 USD billion while those of non-oil and gas fell 2.46 percent to 8.83 USD billion.
 
Compared to the previous month, exports decreased 6.17percent, as non-oil and gas products dropped by 6.21 percent while sales oil exports fell by 5.78 percent. By categories, outbound shipments rose for: rubber and rubber goods (6.80 percent), vehicles & parts (5.58 percent), organic chemicals (17.04 percent), product pharmaceutical industry (84.38 percent) and goods from iron & steel (21.22 percent), and jewelry, gems (+105.20 percent).In contrast, sales decreased for:  apparel not knitted (-8.52 percent), ore, cruct and gray metal (-99.12 percent), mineral fuels (-17.91 percent), iron & steel -25.82 percent), fats and oil of animal/vegetables(-9.14 percent), and copper (-41.30 percent).
 
Sales went up to the ASEAN countries (1.85 percent). In contrast, exports fell to most of the country's trading partnes :  the EU (-5.98 percent), Japan (-18.57 percent), China (-12.42 percent), the US (-4.92 percent), South Korea (-5.80 percent), and Taiwan (-14.64 percent), India (-22.73 percent), and Australia (-2.32 percent).
 
Compared to the prior month, inbound shipments declined by 5.96 percent. While purchases of non-oil and gas went down 12.93 percent, those of oil and gas increased by 32.71 percent. Imports went down the most for consumption goods (-13.18 percent to 0.87 USD billion), followed by capital goods (-11.32 percent to 1.70 USD billion), and raw material (-4.02 percent to 8.68 USD billion).
 
In January 2017, trade surplus was upwardly revised to 1.43 USD billion

Statistic of Indonesia l Chusnul Ch Manan| chusnul@tradingeconomics.com
3/15/2017 7:47:45 AM



Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 1318.90 1433.30 4641.92 -2329.13 USD Million [+]
Exports 12574.50 13401.70 18647.83 30.00 USD Million [+]
Imports 11255.60 11968.40 17416.99 21.00 USD Million [+]
Current Account -1812.00 -4680.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.80 -2.00 4.80 -6.80 percent [+]
External Debt 316968.36 310670.25 316968.36 132629.00 USD Million [+]
Terms of Trade 108.31 108.17 117.70 77.43 Index Points [+]
Foreign Direct Investment 101300.00 99700.00 101300.00 35400.00 IDR Billion [+]
Remittances 2096.00 2195.00 2390.00 1202.00 USD Million [+]
Tourist Arrivals 900793.00 957828.00 987819.00 548821.00 [+]
Gold Reserves 78.07 78.07 96.45 73.09 Tonnes [+]
Crude Oil Production 847.00 837.00 1720.00 764.00 BBL/D/1K [+]
Weapons Sales 4.00 8.00 49.00 1.00 USD Million [+]
Terrorism Index 4.43 4.76 6.55 3.92 [+]



Indonesia Balance of Trade Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1318.90 1433.30 4641.92 -2329.13 1960 - 2017 USD Million Monthly



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Albania -23780.30 Feb/17
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Angola 4470.03 Jun/16
Argentina -122.00 Feb/17
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Australia 1302.00 Jan/17
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Brazil 4560.00 Feb/17
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Czech Republic 48458.00 Jan/17
Denmark 4999.40 Jan/17
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Germany 14800.00 Jan/17
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Guinea 32.97 Sep/16
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Hungary 203000.00 Jan/17
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Iraq 4397.00 Dec/15
Ireland 5745100.00 Jan/17
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Ivory Coast 1256.00 Dec/15
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Japan 813.40 Feb/17
Jordan -709700.00 Jan/17
Kazakhstan 1289.20 Jan/17
Kenya -76470.00 Dec/16
Kosovo -174189.00 Feb/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -175.40 Jan/17
Lebanon -1372.78 Jan/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -214.10 Jan/17
Luxembourg -0.35 Jan/17
Macau -5586600.00 Jan/17
Macedonia -119844.00 Jan/17
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 4711.86 Jan/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -366567.00 Jan/17
Mauritania -79.64 Mar/16
Mauritius -8644.00 Jan/17
Mexico 684.00 Feb/17
Moldova -127.30 Jan/17
Monaco -165.20 Sep/16
Mongolia 183.00 Feb/17
Montenegro -126665.00 Feb/17
Morocco -16689.00 Dec/16
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -6654.37 Sep/16
Nepal -65907.40 Sep/16
Netherlands 4582.00 Jan/17
New Caledonia -10978.00 Dec/16
New Zealand -18.29 Feb/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 23539.00 Feb/17
Oman 205.90 Nov/16
Pakistan -293929.00 Feb/17
Palestine -343.00 Jan/17
Panama -894143.61 Jan/17
Papua New Guinea 4593.00 Sep/16
Paraguay 100105.00 Feb/17
Peru 150.00 Jan/17
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Poland 225.00 Jan/17
Portugal -940.50 Jan/17
Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
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Russia 11445.00 Jan/17
Rwanda -116.57 Nov/16
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Saudi Arabia 88253.00 Dec/16
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Singapore 7752.90 Feb/17
Slovakia 152.00 Jan/17
Slovenia 45.30 Jan/17
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South Korea 7220.00 Feb/17
South Sudan -104.70 Dec/15
Spain -3134000.00 Jan/17
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Suriname 154.40 Dec/16
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Sweden 0.00 Feb/17
Switzerland 3105.00 Feb/17
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Taiwan 3360.00 Feb/17
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Tanzania -26.00 Nov/16
Thailand 1610.00 Feb/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia 1288.80 Feb/17
Turkey -4308.50 Jan/17
Turkmenistan 2181.97 Dec/15
Uganda -192.30 Jan/17
Ukraine -86.70 Jan/17
United Arab Emirates 250900.00 Dec/16
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Uruguay -36256.00 Jan/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -1100.00 Mar/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16