Latest reading: In September, the trade balance was USD +2.8 billion, following a USD +3.7 billion reading in the prior...
Merchandise Trade Balance in Indonesia
The merchandise trade balance in Indonesia averaged USD 25.4 billion in the decade to 2024. The 2024 reading was USD 39.9 billion. For more information on trade, 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 | 46.2 | 39.8 |
Merchandise exports gain steam in June
Latest reading: Merchandise exports shot up 13.1% in annual terms in June, on the heels of May’s 9.3% increase. Meanwhile, merchandise imports rose 6.4% on an annual basis in June (May: +2.2% yoy). However, the merchandise trade balance deteriorated from the previous month, recording a USD 4.6 billion surplus in June (May 2025: USD 4.9 billion surplus; June 2024: USD 3.1 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 44.0 billion surplus in June, compared to the USD 42.5 billion surplus in May.
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.
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