Indonesia Balance of Trade

Last Release

Dec 31, 2024

Actual

2,238.9

Units In

USD Million

4,366.5

Frequency

Monthly

Next Release

Feb 17, 2025

Time to Release

1 Months 0 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
7,564.9 Apr 2022	-2,329.13 Jul 2013	902.6 USD Million	1960-2024	Statistics Indonesia

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. .

Latest Updates

Indonesia's trade surplus narrowed to USD 2.24 billion in December 2024 from USD 3.29 billion in the same month a year earlier, falling short of market estimates for a gain of USD 3.79 billion and marking the smallest amount since February. The notable decrease was largely due to a jump in imports at the year-end. Purchases surged 11.07% from the prior year, easily topping forecasts of 4.84% and sharply picking up from a muted 0.01% rise in November. Meanwhile, shipments grew by 4.78% yoy, marking the ninth consecutive month of growth but the weakest pace in six months, underperforming expectations of 7.38% and easing sharply from a marginally revised 9.10% rise in November. For the full year, the trade balance registered a surplus of USD 31.04 billion, down from USD 36.89 billion in 2023, as exports increased by 2.29% and imports rose at a steeper 5.31%.