Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and...
Merchandise Trade Balance in Indonesia
In the year 2024, the merchandise trade balance in Indonesia was USD 39.92 billion, compared to USD 6.98 billion in 2014 and USD 48.10 billion in 2023. It averaged USD 25.40 billion over the last decade. For more trade information, visit our dedicated page.
Indonesia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Indonesia from 2023 to 2020.
Source: Macrobond.
Indonesia Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 28.3 | 43.8 | 62.7 | 46.3 | 39.9 |
Merchandise exports grow at a slower pace in March
Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked the slowest increase since June 2024. Meanwhile, merchandise imports decreased 1.0% on an annual basis in March (February: -0.6% yoy), marking the weakest reading since May 2024. As a result, the merchandise trade balance improved from the previous month, recording a USD 5.2 billion surplus in March (February 2025: USD 4.3 billion surplus; March 2024: USD 4.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 43.8 billion surplus in March, compared to the USD 43.5 billion surplus in February.
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 trade projections for the next ten years from a panel of 11 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 trade forecast available for Indonesian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian trade projections.
Want to get access to the full dataset of Indonesian trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades -
Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and... -
Indonesia: Merchandise exports grow at a slower pace in March Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked... -
Mexico: Merchandise exports increase in April Latest reading: Merchandise exports rose 5.8% in annual terms in April, following March’s 9.6% increase, amid higher mining and manufactured... -
Japan: Exports lose further steam in April Latest reading: Yen-denominated merchandise exports increased 2.0% annually in April. The print was in line with market expectations and was... -
Malaysia: Merchandise exports growth soars in April Latest reading: Merchandise exports jumped 25.7% on an annual basis in April (March: +13.6% year-on-year). April’s figure marked the strongest... -
Singapore: Non-oil domestic exports gain steam in April Latest reading: Non-oil domestic exports (NODX) shot up 12.4% in annual terms in April, following March’s 5.4% increase. The jump...