Indonesia's trade surplus widened to USD 2.37 billion in May of 2021 from USD 2.01 billion in the same month of the previous year and slightly above market consensus of USD 2.3 billion. This was the thirteenth straight month of trade surplus and the largest figure since last November, amid a further rise in exports as global demand improved. Exports jumped 58.76 percent over a year earlier to USD 16.6 billion, the biggest growth since January 2010, due to higher sales of both non-oil products (58.30 percent) and oil and gas products (66.99 percent). Imports surged 68.68 percent over a year earlier to USD 14.23 billion, the fourth straight month of increase, and the steepest pace since April 2010, as purchases of non-oil and gas surged by 56.44 percent while those of oil and gas soared 213.61 percent. Considering the first five months of the year, the trade goods a recorded surplus USD 10.17 billion, as exports rose by 30.58 percent while imports advanced at a softer 22.74 percent. source: Statistics Indonesia
Balance of Trade in Indonesia averaged 750.70 USD Million from 1960 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Balance of Trade in Indonesia is expected to be 2400.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Indonesia to stand at 2600.00 in 12 months time. In the long-term, the Indonesia Balance of Trade is projected to trend around 2700.00 USD Million in 2022 and 3700.00 USD Million in 2023, according to our econometric models.