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

Indonesia recorded a USD375.6 million trade surplus in May of 2016, down sharply from a USD1,141 million surplus reported a year earlier and below market estimates of a USD680 million. It was the lowest trade surplus since February as exports fell more than imports. Year-on-year, sales dropped by 9.75 percent to USD11.51 billion, following a 12.5 percent decline in April and market expectations of a 7.9 percent drop. Imports decreased by 4.12 percent to USD11.14 billion, compared to a 14.62 percent fall in April and market consensus of a 5.92 percent decline. In April 2016, trade surplus was downwardly revised to USD662.3 million. Balance of Trade in Indonesia averaged 760.76 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
375.60 662.30 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-15 02:00 AM Mar $0.49B $1.14B $0.5B $ 1.0B
2016-05-16 04:00 AM Apr $0.67B $0.51B $0.19B $ -0.2B
2016-06-15 04:00 AM May $0.37B $0.66B $0.68B $ 0.8B
2016-07-15 04:00 AM Jun $0.37B $ 0.8B
2016-08-18 04:00 AM Jul $ 0.5B
2016-09-15 04:00 AM Aug $ 0.4B

Indonesia Trade Surplus Smallest in 4 Months


Indonesia recorded a USD375.6 million trade surplus in May of 2016, down sharply from a USD1,141 million surplus reported a year earlier and below market estimates of a USD680 million. It was the smallest trade surplus since February as exports fell more than imports.

Year-on-year, sales dropped by 9.75 percent, following a 12.5 percent decline in April and market expectations of a 7.9 percent drop. It was the 20th straight month of fall, as sales of non-oil and gas products dropped by 7.12 percent to USD10.55 billion and those of oil and gas dropped by 31.22 percent to USD957.9 million.

Imports decreased by 4.12 percent, compared to a 14.62 percent fall in April and market consensus of a 5.92 percent. It is also the 20th consecutive month of decline. Purchases of non-oil and gas products fell by 0.70 percent to USD9.47 billion and those of oil and gas decreased by 19.80 percent to USD1.67 billion.

Compared to the previous month, exports were up  by 0.31 percent. Oil exports rose 7.42 percent and sales of non-oil and gas products declined sby 0.29 percent. By categories, sales rose for: pearls, precious and semi-precious stones (+10.99 percent); ores, crust, metal ash (+38.16 percent), iron and steel articles (+62.59 percent), ships (+68.63 percent) and fertilizer (+395.95 percent). In contrast, outbound shipments declined for: animal/vegetable fats and oils (-3.38 percent), machine/electrical equipments (-4.34 percent), machine/mechanical equipment (-17.56 percent), various chemical products (-9.6 percent) and tins (-41.24 percent). 

Sales were up to the EU countries (+1.17 percent to USD1.19 billion), Japan (+5.21 percent to USD1.00 billion), Australia (+62.03 percent to USD280.2 million) and South Korea (+1.30 percent to USD427.6 million). In contrast, export fell to the ASEAN countries (-1.37 percent to USD2.30 billion), followed by China (-6.18 percent to USD982.9 million),  the US (-4.68 percent to USD1.28 billion), India (-9.06 percent to USD726.7 million) and Taiwan (-2.65 percent to USD212.4 million). 

Compared to a month earlier, imports went up 2.98 percent. Purchases of oil and gas increased by 22.50 percent and those of non-oil and gas was up 0.16 percent. Imports rose for consumption goods(+15.37 percent to USD998.5 million) and raw materials (+3.86 percent to USD8.50 billion). In contrast, purchases dropped by 7.14 percent to USD1.65 billion for  capital goods.

In April 2016, trade surplus was  downwardly revised  to USD662.3 million.

Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
6/15/2016 6:50:41 AM

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 375.60 662.30 4641.92 -2329.13 USD Million [+]
Exports 11510.00 11450.00 18647.83 30.00 USD Million [+]
Imports 11140.00 10780.00 17416.99 21.00 USD Million [+]
Current Account -4670.00 -5114.70 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 100.24 98.20 135.30 89.01 Index Points [+]
Foreign Direct Investment 96100.00 82100.00 92200.00 35400.00 IDR Billion [+]
Remittances 2301.00 2329.00 2384.00 1202.00 USD Million [+]
Tourist Arrivals 858240.00 806118.00 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 [+]




Last
Afghanistan -7159.00 Dec/15
Albania -30114.00 Apr/16
Algeria -1270.00 Sep/15
Angola 3002.24 Dec/15
Argentina 439.00 May/16
Armenia -108.90 May/16
Aruba -520.80 Dec/15
Australia -1579.00 Apr/16
Austria 142.00 Mar/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -57.02 Mar/16
Barbados -254822.00 Dec/15
Belarus -258.80 Apr/16
Belgium 1249.00 Apr/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana -20.60 Mar/16
Brazil 6437.00 May/16
Brunei 195.90 Apr/16
Bulgaria -156.80 Apr/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -2936.70 Apr/16
Cape Verde -4178.80 Mar/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 744.79 May/16
China 499.80 May/16
Colombia -1.29 Apr/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -365.50 May/16
Croatia -4530.70 Apr/16
Cuba -9578.00 Dec/15
Cyprus -253738.00 Apr/16
Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 53993.00 Apr/16
Egypt -2717.00 Apr/16
El Salvador -359.50 Apr/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -170.74 Apr/16
Ethiopia -3557.70 Dec/15
Euro Area 27481.90 Apr/16
European Union 5566.30 Apr/16
Fiji -262673.00 Dec/15
Finland -225.00 Apr/16
France -5219.00 Apr/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -436.32 May/16
Germany 25607.00 Apr/16
Ghana -773.70 Mar/16
Greece -2057.60 Apr/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -26228.00 May/16
Hungary 299000.00 Apr/16
Iceland -15000.00 May/16
India -6272.90 May/16
Indonesia 375.60 May/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4817945.50 Apr/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 9060.00 Apr/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
Mauritius -6081.00 Apr/16
Mexico -527.00 May/16
Moldova -194.30 Apr/16
Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
Montenegro -183453.00 May/16
Morocco -15231.00 Apr/16
Mozambique -1754.40 Dec/15
Myanmar -914.60 Nov/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 358.00 May/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
Portugal -708.00 Apr/16
Puerto Rico 2415.30 Mar/16
Qatar 4782.00 Apr/16
Republic of the Congo 4092.35 Dec/10
Romania -836.20 Apr/16
Russia 6750.00 Apr/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -310.90 Apr/16
Seychelles -32.60 Apr/16
Sierra Leone -33.70 Dec/15
Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
Slovenia 114.18 Apr/16
Somalia -1473.48 Dec/15
South Africa 430.54 Apr/16
South Korea 7100.00 May/16
South Sudan -3492.00 Dec/14
Spain -637300.00 Apr/16
Sri Lanka -551.70 Feb/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 4400.00 Apr/16
Switzerland 3785.97 May/16
Syria 9394.50 Dec/10
Taiwan 3500.00 May/16
Tajikistan -169.20 Mar/16
Tanzania 100.80 Mar/16
Thailand 1540.00 May/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1090.30 May/16
Turkey -4207.02 Apr/16
Turkmenistan 2431.94 Dec/14
Uganda -126.70 Apr/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3294.00 Apr/16
United States -37436.00 Apr/16
Uruguay -322496.00 Apr/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -400.00 May/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14