Indonesia skyline

Indonesia Trade Balance July 2018

Indonesia: Trade deficit broadens to five-year high in July on surge in imports

Indonesia recorded a trade deficit of USD 2.0 billion in July, contrasting June’s USD 1.7 billion surplus, according to Statistics Indonesia. July’s deficit was substantially larger than the USD 0.3 billion shortfall recorded in the same month last year.

Exports expanded 19.3% over the same month last year, up from June’s revised 11.3% increase (previously reported: +11.5% year-on-year). July’s reading was driven by solid growth in the energy and non-energy sectors. However, import growth continued to outpace export growth. Imports soared 31.6% in July (June: +12.8% yoy, previously reported: +12.7% yoy), substantially above market expectations and reflective of buoyant domestic demand and higher energy prices.

The 12-month moving sum of the trade balance declined from a USD 3.1 billion surplus in June to a USD 1.4 billion surplus in July, a multi-year low.

Indonesia Trade Balance Forecast

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