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 2019 to 2018.
Source: Macrobond.
Indonesia Merchandise Exports Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Merchandise Exports (USD bn) | 168.5 | 163.4 | 232.8 | 292.5 | 259.5 |
Merchandise Exports (ann. var. %) | -6.8 | -3.0 | 42.5 | 25.6 | -11.3 |
Merchandise exports gain steam in May
Merchandise exports rose 1.5% over the same month last year in May (April: +0.9% year-on-year). May’s result marked the strongest outturn since February 2023. Meanwhile, merchandise imports declined 6.7% in annual terms in May (April: +6.0% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.4 billion surplus in May (April 2024: USD 3.7 billion surplus; May 2023: USD 1.8 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 42.5 billion surplus in May, compared to the USD 40.8 billion surplus in April.
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 9 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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