Trade Balance in Indonesia
Indonesia - Trade Balance
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 - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -4.1 | -2.2 | 7.7 | 9.5 | 11.8 |
Indonesia Trade Balance Chart
Source: Statistics Indonesia.
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.16 | -0.05 % | Jan 30 |
| Exchange Rate | 14,130 | 0.05 % | Jan 30 |
| Stock Market | 6,464 | -0.32 % | Jan 30 |
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Economic News
Indonesia: Indonesia records trade surplus in March despite further decline in exports
April 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.5 billion in March, contrasting market expectations of a deficit but down from the USD 1.1 billion surplus registered in the same month of the prior year.
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In February, retail sales grew 9.1% over the same month in the prior year, up from January’s 7.2% figure but slightly below the Bank’s initial estimate of 10.9%.
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Consumer prices increased 0.11% in March from the previous month, contrasting February’s 0.08% decline.
Indonesia: Manufacturing PMI rises in March
April 1, 2019
Conditions in Indonesia’s manufacturing sector improved in March according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.1 in February to 51.2.
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