Merchandise Exports in Indonesia
Merchandise exports from Indonesia were worth USD 292.5 billion in 2022, compared to USD 182.1 billion ten years earlier, and averaged USD 185.8 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 2013 to 2022.
Source: Bank Indonesia.
Indonesia Merchandise Exports Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 180.7 | 168.5 | 163.4 | 232.8 | 292.5 |
| Merchandise Exports (ann. var. %) | 7.0 | -6.8 | -3.0 | 42.5 | 25.6 |
Merchandise exports contract in August
Merchandise exports plummeted 21.2% over the same month last year in August, on the heels of July’s 18.1% decline. Meanwhile, merchandise imports dived 14.8% in annual terms in August (July: -8.3% yoy). Nevertheless, the merchandise trade balance improved from the previous month, recording a USD 3.1 billion surplus in August (July 2023: USD 1.3 billion surplus; August 2022: USD 5.8 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 44.0 billion surplus in August, compared to the USD 46.7 billion surplus in July.
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 8 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.