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Indonesia Merchandise Imports

Indonesia Merchandise Imports

Merchandise Imports in Indonesia

Merchandise imports in Indonesia were worth USD 229.9 billion in 2022, compared to USD 176.3 billion ten years earlier, with an average value of USD 165.9 billion over the decade. For more imports information, visit our dedicated page.

Indonesia Merchandise Imports Chart

Note: This chart displays Imports (USD billion) for Indonesia from 2014 to 2023.
Source: Bank Indonesia.

Indonesia Merchandise Imports Data

2018 2019 2020 2021 2022
Merchandise Imports (USD bn) 181.0 164.9 135.1 189.0 229.9
Merchandise Imports (ann. var. %) 20.6 -8.8 -18.1 39.9 21.6

Merchandise exports decline in November

Merchandise exports contracted 8.8% annually in November, on the heels of October’s 10.3% fall. The result marked the smallest contraction since May 2023. Meanwhile, merchandise imports expanded 3.1% on an annual basis in November (October: -4.9% yoy), marking the strongest reading since May 2023. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.4 billion surplus in November (October 2023: USD 4.7 billion surplus; November 2022: USD 6.1 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 48.3 billion surplus in November, compared to the USD 51.0 billion surplus in October.

UOB analysts Enrico Tanuwidjaja and Agus Santoso commented on the outlook: “Going forward, we expect signs of China's economic recovery as reflected by the improving manufacturing PMI index and higher-than-expected imports to deliver some upside to demand for Indonesia’s exports. […] However, we do not exclude the possibility that the ongoing conflict in the Middle East could widen and dampen international trade activity and delay the ongoing recovery.”

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 imports 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 imports forecast available for Indonesian merchandise imports.

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

Want to get access to the full dataset of Indonesian merchandise imports forecasts? Send an email to

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