Latest reading: Merchandise exports rose 7.5% annually in July, on the heels of June’s 10.8% upturn and underpinned by higher...
Merchandise Exports in Indonesia
Merchandise exports were worth USD 262 billion in 2024 in Indonesia compared to USD 175 billion ten years earlier, and averaged USD 200 billion over the last decade. For more exports information, visit our dedicated page.
Indonesia Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for Indonesia from 2024 to 2018.
Source: Macrobond.
Indonesia Merchandise Exports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 163 | 233 | 293 | 258 | 263 |
| Merchandise Exports (ann. var. %) | -3.0 | 42.5 | 25.6 | -11.9 | 2.1 |
Merchandise exports gain steam in June
Latest reading: Merchandise exports shot up 13.1% in annual terms in June, on the heels of May’s 9.3% increase. Meanwhile, merchandise imports rose 6.4% on an annual basis in June (May: +2.2% yoy). However, the merchandise trade balance deteriorated from the previous month, recording a USD 4.6 billion surplus in June (May 2025: USD 4.9 billion surplus; June 2024: USD 3.1 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 44.0 billion surplus in June, compared to the USD 42.5 billion surplus in May.
Consensus Forecasts and Projections for the next ten years
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.
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