Indonesia skyline

Indonesia Trade Balance May 2021

Indonesia: Merchandise exports growth rises again in May

Merchandise exports skyrocketed 58.7% year-on-year in May, following April’s 52.0% surge and supported by surging oil and non-energy exports as well as by a low base effect. Meanwhile, merchandise imports jumped 68.7% in annual terms in May (April: +29.3% yoy).

The merchandise trade balance widened from the previous month, recording a USD 2.4 billion surplus in May (April: USD 2.3 billion surplus; May 2020: USD 2.0 billion deficit). Lastly, the trend strengthened, with the 12-month trailing merchandise trade balance recording a USD 27.7 billion surplus in May, compared to the USD 27.3 billion surplus in the previous month.

Commenting on the release, Nicholas Mapa, senior economist at ING, stated:

“Exports should continue to post strong growth in 2021 given the global recovery although the trade surplus will likely be capped as import activities resume with the economy in recovery mode.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest