Indonesia Trade Balance July 2021


Indonesia: Merchandise exports increase in July

August 23, 2021

Merchandise exports jumped 29.3% in annual terms in July, on the heels of June’s 54.4% upturn. July’s result marked the slowest increase since February. Meanwhile, merchandise imports soared 44.4% on an annual basis in July (June: +60.0% yoy).

As a result, the merchandise trade balance improved from the previous month, recording a USD 2.6 billion surplus in July (June 2021: USD 1.3 billion surplus; July 2020: USD 3.2 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 27.4 billion surplus in July, compared to the USD 28.0 billion surplus in June.

Our panelists forecast that in 2021 exports will increase 6.9% and imports will rise 11.2%, with a trade surplus of USD 15.1 billion. In 2021, FocusEconomics panelists expect exports will expand 6.9%, while imports will rise 9.9%, with a trade surplus of USD 11.7 billion.

Author: Massimo Bassetti, Senior Economist

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Indonesia Trade Balance Chart

Indonesia Trade12m July 2021

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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