Latest reading: Merchandise exports soared 15.1% annually in May, on the heels of April’s 7.6% rise. May’s result marked the...
Merchandise Trade Balance in Indonesia
The merchandise trade balance in Indonesia averaged USD 7 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 2021 to 2024.
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 12 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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