Exports from Indonesia grew by 4.51 percent from a year earlier to USD 21.40 billion in February 2023, easing sharply from a marginally revised 16.43 percent jump in the previous month, and below market consensus of a 5 percent rise. It was the 28th straight month of increase in exports, but the softest pace since June 2020, due to easing commodity prices, amid weakening global demand. Sales of non-oil and gas exports increased by 3.76 percent to USD 20.21 billion, while those of oil and gas surged 19.27 percent to USD 1.19 billion, with crude oil jumping 45 percent, while gas grew by 29.48 percent. Last year, exports climbed 26.07 percent. source: Statistics Indonesia

Exports YoY in Indonesia averaged 14.21 percent from 1961 until 2023, reaching an all time high of 518.00 percent in February of 1974 and a record low of -52.10 percent in September of 1964. This page includes a chart with historical data for Indonesia Exports YoY. Indonesia Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

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Indonesia Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-02-15 04:00 AM Jan 16.37% 6.58% 12.5%
2023-03-15 04:00 AM Feb 4.51% 16.43% 5%
2023-04-17 04:00 AM Mar 4.51%

Indonesia Exports YoY
Exports have been an engine of economic growth in Indonesia. However, after reaching a peak in 2012, it have been in a steady decline due to lower commodity prices and dwindling global demand. Major exports are: oil and gas (12.4 percent of the total exports, of those gas 6.9 percent, crude oil 4.3 percent and oil products 1.2 percent); animal and vegetable fats and oils (14 percent); and electrical equipment and machinery (10.45 percent). Other exports include: footwear, part of such articles (3.4 percent); garments not knitted (3 percent) and ores, slag and ash (2.5 percent). Major export partners are: the United States (11.6 percent), China (10 percent of the total exports), Japan (9.9 percent), India (8.8 percent) and Singapore (7 percent).
Actual Previous Highest Lowest Dates Unit Frequency
4.51 16.43 518.00 -52.10 1961 - 2023 percent Monthly

News Stream
Indonesia Exports Rise the Least in 32 Months
Exports from Indonesia grew by 4.51 percent from a year earlier to USD 21.40 billion in February 2023, easing sharply from a marginally revised 16.43 percent jump in the previous month, and below market consensus of a 5 percent rise. It was the 28th straight month of increase in exports, but the softest pace since June 2020, due to easing commodity prices, amid weakening global demand. Sales of non-oil and gas exports increased by 3.76 percent to USD 20.21 billion, while those of oil and gas surged 19.27 percent to USD 1.19 billion, with crude oil jumping 45 percent, while gas grew by 29.48 percent. Last year, exports climbed 26.07 percent.
2023-03-15
Indonesia Exports Rise More than Expected
Exports from Indonesia surged by 16.37 percent from a year earlier to USD 22.31 billion in January 2023, far above market consensus of a 12.5 percent rise and the fastest pace since last September, amid solid global demand, after China, Indonesia's biggest trade partner, removed its tough COVID restrictions. Sales of non-oil and gas exports grew by 13.97 percent to USD 20.83 billion, while shipments of oil and gas jumped 65.03 percent to USD 1.49 billion for all components: crude oil (130.78%), oil products (114.28%), and gas (41.00%)
2023-02-15
Indonesia Exports Rise Less than Expected
Exports from Indonesia grew by 6.58 percent from a year earlier to USD 23.83 billion in December of 2022, after a marginally revised 5.47 percent rise in the previous month and below market consensus of a 6.65 percent rise, as foreign demand weakened amid high global inflation and aggressive monetary tightening by major economies. Sales of non-oil and gas exports increased by 4.99 percent to USD 22.35 billion, while shipments of oil and gas jumped 38.17 percent to USD 1.48 billion, surging for all components: crude oil (29.08%), oil products (73.35%), and gas (31.03%). For the full year of 2022, exports climbed by 26.07 percent from the same period in 2021 to USD 291.98 billion.
2023-01-16

Indonesia Exports by Country Last Previous
United States 2341.14 2253.69 USD Million Sep/21
Japan 1317.95 1313.35 USD Million Dec/19
Singapore 979.94 1021.21 USD Million Dec/19
Malaysia 837.00 721.87 USD Million Dec/19
Vietnam 501.53 471.37 USD Million Dec/19
Philippines 476.64 544.87 USD Million Dec/19
Thailand 377.02 483.43 USD Million Dec/19
Netherlands 363.85 468.05 USD Million Sep/21
Italy 305.10 259.78 USD Million Sep/21
Spain 259.39 203.12 USD Million Sep/21
Germany 256.28 248.20 USD Million Sep/21
Australia 175.68 181.55 USD Million Dec/19
Hong Kong 170.53 168.58 USD Million Dec/19
United Kingdom 104.81 97.35 USD Million Dec/19
France 73.82 80.83 USD Million Sep/21
Canada 73.36 63.66 USD Million Dec/19
Cambodia 57.99 60.45 USD Million Dec/19
Greece 16.78 10.68 USD Million Sep/21
Denmark 14.47 15.39 USD Million Dec/19
Sweden 13.98 12.22 USD Million Dec/19
Brunei 13.38 12.34 USD Million Dec/19
Portugal 12.88 7.99 USD Million Sep/21
Ireland 10.53 8.59 USD Million Sep/21
Finland 5.72 10.32 USD Million Sep/21
Austria 2.33 2.75 USD Million Sep/21
Indonesia Exports by Category Last Previous
Oil & Gas 892.20 920.90 USD Million Dec/22

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category