Indonesia Trade Balance June 2022


Indonesia: Merchandise exports gain steam in June

July 15, 2022

Merchandise exports soared 40.7% in annual terms in June, following May’s 27.0% upturn. Meanwhile, merchandise imports jumped 22.0% on an annual basis in June (May: +30.7% yoy).

As a result, the merchandise trade balance improved from the previous month, recording a USD 5.1 billion surplus in June (May 2022: USD 2.9 billion surplus; June 2021: USD 1.3 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 46.9 billion surplus in June, compared to the USD 43.1 billion surplus in May.

Our panelists forecast that in 2022 exports will increase 16.3% and imports will rise 17.5%, with a trade surplus of USD 37.1 billion. In 2023, FocusEconomics panelists expect exports will expand 1.7%, while imports will rise 6.0%, with a trade surplus of USD 27.9 billion.


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Indonesia Trade Balance Chart

Indonesia Trade June 2022 0

Note: 12-month trade balance in USD billion and annual variation of exports and imports over the last 12 months in %.
Source: Statistics Indonesia (BPS) and FocusEconomics calculations.

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