Indonesia Balance of Trade  1960-2018 | Data | Chart | Calendar | Forecast

Indonesia recorded a trade surplus of USD 1.70 billion in June of 2018 from a USD 1.67 billion surplus a year earlier and beating market estimates of a USD 0.65 billion surplus. It is the first trade surplus since March, mainly due to a slowdown in imports. Exports rose 11.47 percent to USD 16.12 billion, following an upwardly revised 13.01 percent growth in May and below market expectations of 17.53 percent. There were fewer working days in June due to Eid al-Fitr. Imports increased 12.66 percent to USD 11.26 billion, easing from an upwardly revised 28.25 percent jump in May and below forecasts of a 31.31 percent increase. Balance of Trade in Indonesia averaged 758.25 USD Million from 1960 until 2018, 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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Indonesia Posts Trade Surplus for 1st Time in 3 Months


Indonesia recorded a trade surplus of USD 1.70 billion in June of 2018 from a USD 1.67 billion surplus a year earlier and beating market estimates of a USD 0.65 billion surplus. It is the first trade surplus since March, mainly due to a slowdown in imports.

In June, exports increased 11.47 percent from a year earlier to 13 USD billion, below market consensus of a 17.53 percent rise and after an upwardly revised 13.01 percent growth in the prior month. Sales of non-oil and gas products went up by 8.61 percent to 11.28 USD billion, while those of oil and gas jumped by 34.79 percent to 1.72USD billion. There were fewer working days in June due to Eid al-Fitr. 
 
Compared to the previous month, exports tumbled 19.80 percent, as non-oil and gas products decreased sharply by 22.67 percent while sales oil and gas went up by 4.67 percent. By categories, outbound shipments dropped for: machinery/electrical equipment (-27.58 percent); machines/mechanical aircraft (-35.23 percent); vehicles and parts thereof (-36.21 percent); wood, wooden goods (-43.23 percent); rubber and rubber goods (-31.30 percent), and fertilizer (-81.65 percent). In contrast, sales increased for:  mineral fuel (6.11 percent); pulp (13.63 percent); nickel (5.83 percent), and various chemical products (0.65 percent). 

Sales went down to : China (-1.99 percent); the US (-27.90 percent); Thailand (-34.44 percent); Germany (-42.26 percent), Japan (-11.99 percent); Netherlands (-40.31 percent); India (-14.44 percent); Italy (-16.78 percent), and Taiwan (-40.64 percent); Singapore (-32.82 percent); Australia (-30.56 percent); Malaysia (-20.54 percent), and South Korea (-12.01 percent).

Imports increased 12.66 percent to 11.26 USD billion, following an upwardly revised 28.25 percent jump in the prior month and below estimates of a 31.31 percent increase. Purchases of non-oil and gas went up 8.95 percent to 9.14 billion and those of oil and gas jumped by 32.09 percent to 2.11 USD billion.
 
Compared to the prior month, imports tumbled by 36.27 percent. While purchases of non-oil and gas decreased sharply 38.23 percent, those of oil and gas tumbled by 26.11 percent. Imports went down for all categories : raw material (-36.21 percent to 8.51 USD billion); capital goods (-37.81 percent to 1.74 USD billion), and consumption goods (-41.85 percent to 1.01 USD billion).
  
Imports fell from: China (-50.35 percent); Australia (-27.58 percent); Taiwan (-49.77 percent); South Korea (-32.03 percent); Germany (-32.75 percent); Singapore (-10.19 percent); Thailand (-31.68 percent), and Italy (-60.89 percent); the US (-27.67 percent); Japan (-35.63 percent); Malaysia (-42.53 percent); India (-24.46 percent). In contrast, imports rose to Netherlands (73.77 percent).

Considering the first half of 2018, trade balance posted a deficit USD 1.02 billion, swinging from USD 7.67 billion surplus in the same period of 2017, as imports surged 23.10 percent to USD 89.04 billion and exports rose at a slower 10.03 percent to USD 88.02 billion.
 
 
 
 


Statistics Indonesia l Chusnul Ch Manan| chusnul@tradingeconomics.com
7/16/2018 6:27:33 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-15 04:00 AM Balance of Trade $-1.63B $1.12B $0.7B $ 1.1B
2018-06-25 04:00 AM Balance of Trade $-1.52B $-1.62B $-0.38B $ -0.5B
2018-07-16 04:00 AM Balance of Trade $1.74B $-1.45B $0.65B $ 0.73B
2018-08-15 04:00 AM Balance of Trade $1.74B $ 0.95B
2018-09-14 04:00 AM Balance of Trade $ 0.68B
2018-10-16 04:00 AM Balance of Trade $ 0.34B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 1742.60 -1453.60 4641.92 -2329.13 USD Million [+]
Exports 12999.20 16209.30 18647.83 30.00 USD Million [+]
Imports 11256.60 17662.90 17662.90 21.00 USD Million [+]
Current Account -5500.00 -5760.70 3795.00 -10125.60 USD Million [+]
Current Account to GDP -1.70 -1.80 4.80 -6.80 percent [+]
External Debt 352246.73 316968.36 352246.73 132629.00 USD Million [+]
Terms of Trade 112.17 110.52 117.70 77.43 Index Points [+]
Foreign Direct Investment 108.90 112.00 112.00 35.40 IDR Trillion [+]
Remittances 2636.30 2222.70 2636.30 1202.00 USD Million [+]
Tourist Arrivals 1200815.00 1300738.00 1364576.00 548821.00 [+]
Gold Reserves 80.60 80.60 96.45 73.09 Tonnes [+]
Crude Oil Production 784.00 786.00 1720.00 764.00 BBL/D/1K [+]
Terrorism Index 4.55 4.43 6.55 3.92 [+]
Weapons Sales 102.00 94.00 102.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Indonesia Balance of Trade

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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1742.60 -1453.60 4641.92 -2329.13 1960 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan 721.41 Jun/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -2153628.00 May/18
Switzerland 1309.00 Jun/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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