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

Indonesia recorded a USD490 million trade surplus in March of 2016, narrowing sharply from a USD1,020 million surplus reported a year earlier and almost in line with market estimates, as exports fell more than imports. In March, exports declined by 13.5 percent year-on-year to USD11.79 billion, the 18th straight month of decline. Imports dropped less than expected by 10.41 percent year-on-year to USD11.30 billion, the 18th consecutive month of fall. In February 2016, trade surplus was recorded at USD1,140 USD million. Balance of Trade in Indonesia averaged 761.31 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
490.00 1140.00 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-15 04:00 AM Jan $0.05B $-0.23B $-0.36B $ 0B
2016-03-15 04:00 AM Feb $1.14B $0.01B $0.08B $ -0.2B
2016-04-15 02:00 AM Mar $0.49B $1.14B $0.5B $ 1.0B
2016-05-16 04:00 AM Apr $0.49B $ 0.6B
2016-06-15 04:00 AM May $ 0.8B
2016-07-15 04:00 AM Jun $ 0.6B

Indonesia Trade Surplus Narrows in March


Indonesia recorded a USD490 million trade surplus in March of 2016, down sharply from a USD1,020 million surplus reported a year earlier and almost in line with market estimates as exports fell more than imports.

In March, exports declined by 13.51 percent year-on-year to USD11.79 billion, following a 7.18 percent decrease in February. It is the 18th straight month of decline, as sales of non-oil and gas products dropped by 9.29 percent to USD10.57 billion and those of oil and gas dropped by 38.20 percent to USD1.23 billion.

Imports dropped by 10.41 percent year-on-year to USD11.30 billion, following a 11.71 percent decline in a month earlier. It is also the 18th consecutive month of fall. Purchases of non-oil and gas products fell by 5.56 percent to USD9.77 billion and those of oil and gas decreased by 32.54 percent to USD1.53 billion.

Compared to the previous month, exports increased by 4.25 percent. Oil exports rose 10.40 percent and sales of non-oil and gas products was up by 3.58 percent. By categories, sales went up for: mineral fuels (+10.10 percent), machine/electrical equipment (+8.0 percent), vehicles and parts (+21.01 percent), chemicals (+29.84 percent) and iron and steel (+88.57 percent). In contrast, outbound shipments declined for: animal/vegetable fats and oils (-4.82 percent); pearls, precious and semi-precious stones (-23.28 percent), iron and steel articles (-32.15 percent), ships (-19.05 percent) and tins (-43.60 percent).

Outbound shipments rose to the ASEAN countries (+5.77 percent to USD2.36 billion), followed by China (+6.98 percent to USD1.1 billion), the US (+9.22 percent to USD1.25 billion), India (+19.59 percent to USD790.4 million), South Korea (+4.78 percent to USD426.5 percent) and Taiwan (+5.78 percent to USD238.2 million). In contrast, exports fell to Japan (-3.84 percent to USD1.1 billion and Australia (-24.13 percent to USD209.0 million). 

Compared to a month earlier, imports rose 11.01 percent. Purchases of oil and gas increased by 36.25 percent and those of non-oil and gas was up 7.88 percent. Imports were down for  capital goods (-5.51 percent to USD1.70 billion)  and consumption goods(-2.77 percent to USD977.4 million). In contrast, purchases of raw materials rose 16.90 percent to USD8.63 billion. 

In February 2016, the country posted a USD1,140 million trade surplus.

Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
4/15/2016 5:33:53 AM

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 490.00 1140.00 4641.92 -2329.13 USD Million [+]
Exports 11792.80 11312.00 18647.83 30.00 USD Million [+]
Imports 11295.80 10175.60 17416.99 21.00 USD Million [+]
Current Account -5114.70 -4010.50 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 98.21 97.61 135.30 89.01 Index Points [+]
Foreign Direct Investment 96100.00 82100.00 92200.00 35400.00 IDR Billion [+]
Remittances 2337.00 2329.00 2384.00 1202.00 USD Million [+]
Tourist Arrivals 806118.00 768118.00 915334.00 548821.00 [+]
Gold Reserves 78.10 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 [+]




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