Indonesia's trade surplus narrowed sharply to USD 0.87 billion in February 2024 from USD 5.40 billion in the same month of 2023, far below market forecasts of USD 2.32 billion. It was the smallest trade surplus since last May, as exports fell while imports surged. Shipments shrank 9.45% from a year earlier to a 10-month low of USD 19.31 billion, the ninth straight month of contraction and the steepest decline since last October, faster than forecasts of a 6.5% fall. The contraction in exports came amid an economic slowdown in trading partners, with exports to China and Japan plunging by 19.26% and 13.47%, respectively. Meanwhile, imports jumped by 15.84% year-on-year, the fastest growth in 16 months, exceeding market forecasts of a 9.3% gain, boosted by domestic demand ahead of the holy month of Ramadan and Eid-el-Fitr. In the first two months of the year, the trade balance posted a surplus of USD 2.87 billion, with exports and imports falling by 8.81% and 0.29%, respectively. source: Statistics Indonesia
Indonesia recorded a trade surplus of 867 USD Million in February of 2024. Balance of Trade in Indonesia averaged 873.27 USD Million from 1960 until 2024, reaching an all time high of 7564.84 USD Million in April of 2022 and a record low of -2331.12 USD Million in April of 2019. This page provides the latest reported value for - Indonesia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Indonesia recorded a trade surplus of 867 USD Million in February of 2024. Balance of Trade in Indonesia is expected to be 2700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Balance of Trade is projected to trend around 4000.00 USD Million in 2025 and 2000.00 USD Million in 2026, according to our econometric models.