Merchandise exports grow at a slower pace in March

Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked the slowest increase since June 2024. Meanwhile, merchandise imports decreased 1.0% on an annual basis in March (February: -0.6% yoy), marking the weakest reading since May 2024. As a result, the merchandise trade balance improved from the previous month, recording a USD 5.2 billion surplus in March (February 2025: USD 4.3 billion surplus; March 2024: USD 4.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 43.8 billion surplus in March, compared to the USD 43.5 billion surplus in February.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian merchandise exports projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Indonesian merchandise exports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian merchandise exports projections.

Want to get access to the full dataset of Indonesian merchandise exports forecasts? Send an email to info@focus-economics.com.