Imports in Indonesia

Indonesia Imports (EUR bn, %) | Economic News & Forecasts

Indonesia - Imports (percent change based on Euros)

Trade surplus broadly steady in October

Indonesia’s trade surplus was broadly unchanged in October amid turnarounds in both export and import growth. Exports rose 4.6% from the same month last year, which contrasted the slim 0.2% contraction seen in September and marked an over two-year high. Non-oil and gas exports, which account for the majority of Indonesian shipments, rose 8.4% in October, which was above September’s 3.3% increase. Meanwhile, the contraction in oil and gas exports moderated slightly and was 25.2% (September: -27.0% year-on-year). Imports also rebounded and grew at the fastest pace in over two years, expanding 3.3% in October after falling 2.3% in the previous month.

As a result, the trade surplus was broadly steady in October at USD 1.2 billion (September: USD 1.3 billion). The result was above October 2015’s USD 1.0 billion surplus and overshot market expectations. Meanwhile, the 12-month moving sum of the trade balance improved from September’s USD 6.2 billion surplus to a USD 6.4 billion surplus.

FocusEconomics Consensus Forecast panelists expect exports to decrease 6.8% and see the trade balance recording a surplus of USD 9.8 billion in 2016. For 2017, the panel expects exports to grow 4.4% and expects the trade surplus to drop to USD 6.1 billion.

Indonesia - Imports (EUR bn, %) Data

2015   2016   2017   2018   2019  
Imports (annual variation in %)-19.9  -4.9  15.7  20.2  -9.5  

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Indonesia Facts

Value Change Date
Bond Yield7.10-0.05 %Dec 31
Exchange Rate13,8830.05 %Jan 01

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