Indonesia Trade Balance August 2022


Indonesia: Merchandise exports grow at a more moderate pace in August

September 15, 2022

Merchandise exports jumped 30.2% year-on-year in August, on the heels of July’s 32.0% upturn. Meanwhile, merchandise imports shot up 32.8% over the same month last year in August (July: +39.9% yoy).

As a result, the merchandise trade balance improved from the previous month, recording a USD 5.8 billion surplus in August (July 2022: USD 4.2 billion surplus; August 2021: USD 4.8 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 49.6 billion surplus in August, compared to the USD 48.6 billion surplus in July.

Our panelists forecast that in 2022 exports will increase 20.2% and imports will rise 16.6%, with a trade surplus of USD 49.7 billion. In 2023, FocusEconomics panelists expect exports will expand -1.3%, while imports will rise 2.9%, with a trade surplus of USD 39.4 billion.


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