Indonesia Balance of Trade

Last Release

Jan 31, 2025

Actual

3,450

Units In

USD Million

2,240.2

Frequency

Monthly

Next Release

Mar 17, 2025

Time to Release

26 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
7,564.9 Apr 2022	-2,329.13 Jul 2013	905.86 USD Million	1960-2025	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 widened to USD 3.45 billion in January 2025 from USD 2.0 billion a year earlier, exceeding market expectations of a USD 1.91 billion gain. The increase was primarily driven by an unexpected decline in imports at the start of the year. Purchases fell 2.67% year-on-year, defying forecasts of a 9.95% rise and reversing sharply from an 11.07% jump in December. The drop was attributed to several factors, including the depreciation of the rupiah against the US dollar, weaker purchasing power, and the impact of holidays during the month. Meanwhile, exports grew 4.88%, marking the tenth consecutive month of expansion but at the slowest pace in seven months. The figure also fell short of expectations for a 6.99% increase. For the full year 2024, Indonesia's trade surplus narrowed to USD 31.04 billion from USD 36.89 billion in the previous year.