Argentina: Merchandise exports rise at a softer rate in June
Merchandise exports jumped 21.7% year-on-year in June, following May’s 22.2% rise, largely thanks to a normalization of agricultural activity after...
Merchandise Trade Balance in Indonesia
The merchandise trade balance in Indonesia averaged USD 19.9 billion in the decade to 2022. The 2022 reading was USD 62.7 billion. For more trade information, visit our dedicated page.
Indonesia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Indonesia from 2021 to 2020.
Source: Macrobond.
Indonesia Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 3.5 | 28.3 | 43.8 | 62.7 | 46.5 |
Merchandise exports gain steam in May
Merchandise exports rose 1.5% over the same month last year in May (April: +0.9% year-on-year). May’s result marked the strongest outturn since February 2023. Meanwhile, merchandise imports declined 6.7% in annual terms in May (April: +6.0% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.4 billion surplus in May (April 2024: USD 3.7 billion surplus; May 2023: USD 1.8 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 42.5 billion surplus in May, compared to the USD 40.8 billion surplus in April.
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 9 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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