Indonesia Balance of Trade

Indonesia recorded a USD370 million trade surplus in May of 2016, down sharply from a USD1,080 million surplus reported a year earlier and below market estimates of a USD680 million. It was the lowest trade surplus since February as exports fell more than imports. Year-on-year, sales dropped by 9.75 percent to USD11.51 billion, following a 12.5 percent decline in April and market expectations of a 7.9 percent drop. Imports decreased by 4.12 percent to USD11.14 billion, compared to a 14.62 percent fall in April and market consensus of a 5.92 percent decline. In April 2016, trade surplus was downwardly revised to USD660 million. Balance of Trade in Indonesia averaged 760.61 USD Million from 1960 until 2016, reaching an all time high of 4641.92 USD Million in December of 2006 and a record low of -2329.13 USD Million in July of 2013. Balance of Trade in Indonesia is reported by the Statistics Indonesia. Since the 1970’s Indonesia has been recording consistent trade surpluses due to robust exports growth. However, from 2012 to 2014 the country started recording trade deficits, as exports shrank due to slowdown in the global economy and fall in commodity prices. In 2015, trade balance swang again to surplus due to almost 20 percent fall in imports. In recent years, the biggest trade deficits were recorded with China, Thailand, Japan, Germany and South Korea. Indonesia records trade surpluses mainly with India, United States, and Malaysia.
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