Latest reading: In September, the trade balance was USD +0.9 billion, following a USD +1.4 billion figure 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 | 46.3 | 39.8 |
Merchandise trade surplus increases in July
Latest reading: In July, the trade balance was USD +5.0 billion, following a USD +4.6 billion reading in the previous month. Over the last 12 months, the trade balance summed to USD +47.2 billion. Exports increased 10.6% in annual terms in July, following a 13.1% rise in the prior month. Meanwhile, imports declined 4.1% in annual terms in July, following 6.4% growth in the prior month.
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.
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