Indonesia Balance of Trade

Last Release

Nov 30, 2024

Actual

4,419.6

Units In

USD Million

2,483.3

Frequency

Monthly

Next Release

Jan 15, 2025

Time to Release

28 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
7,564.9 Apr 2022	-2,329.13 Jul 2013	900.95 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 jumped to USD 4.42 billion in November 2024 from USD 2.41 billion in the same month a year earlier, surpassing market estimates of USD 2.21 billion. This marks the largest trade surplus since July, mainly due to a surge in exports. Shipments rose by 9.14% yoy, marking the eighth consecutive month of growth and topping expectations of 4.92%. Shipments increased to the US (20.75%), China (15.47%), the ASEAN countries (8.08%), and the EU (6.57%). Meanwhile, imports almost stalled, up only 0.01%, missing forecasts of a 6.15% rise and deteriorating from a 17.49% surge in October. For the first eleven months of the year, the trade balance registered a surplus of USD 28.89 billion, with exports rising by 2.06% and imports expanding at a faster 4.74%.