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Balance of trade · Indonesia

Indonesia Balance of Trade

The Indonesia Balance of Trade shows the difference between the value of goods (and sometimes services) that Indonesia sells abroad and what it buys from abroad, or the growth of exports and imports.

Importance
Low
Released
Monthly
Next release
Currency
IDR · Indonesian rupiah
Central bank
Bank Indonesia

Latest figures

The latest release for SEP, published on 2 November 2026, came in at $3.36B.

ReleasedForActualConsensusPrevious
2 Nov 2026SEP$3.36B$1.9B$3.55B
1 Oct 2026AUG$3.55B$0.6B$0.13B
1 Sep 2026JUL$0.13B$-0.3B$-0.45B
3 Aug 2026JUN$-0.45B$-0.79B$-1.61B
1 Jul 2026MAY$-1.61B$1.2B$0.09B
2 Jun 2026APR$0.09B$1.5B$3.32B
4 May 2026MAR$3.32B–$1.28B
1 Apr 2026FEB$1.28B$1.55B$0.96B
2 Mar 2026JAN$0.95B$2.76B$2.52B
2 Feb 2026DEC$2.52B$2.45B$2.66B
5 Jan 2026NOV$2.66B$3.1B$2.4B
1 Dec 2025OCT$2.4B–$4.34B

See it in the economic calendar →

Why it matters

Exports are a big part of demand for open economies (Germany, China, Japan, Korea, the Netherlands). A larger surplus means more foreign demand for the Indonesian rupiah; strong imports signal domestic demand. China's figures are read as a gauge of world demand.

How it is calculated

Customs records the value of goods crossing the border; services come from surveys. The balance is exports minus imports, usually seasonally adjusted.

Trade balance = exports − imports

What changes mean

  • Look at exports and imports separately: a wider surplus from collapsing imports is a sign of weak domestic demand, not strength.
  • Exchange-rate moves take months to affect trade volumes (the J-curve).

Higher than expected: A larger surplus (or smaller deficit) than expected tends to support the Indonesian rupiah.

Lower than expected: A smaller surplus (or larger deficit) than expected tends to weigh on the Indonesian rupiah.

A short history

Trade balances were the obsession of mercantilism in the 16th–18th centuries; David Hume's price-specie flow mechanism (1752) explained why surpluses tend to correct themselves.

Questions

What is the Indonesia Balance of Trade?

The Indonesia Balance of Trade shows the difference between the value of goods (and sometimes services) that Indonesia sells abroad and what it buys from abroad, or the growth of exports and imports.

What was the latest Indonesia Balance of Trade?

$3.36B for SEP, published on 2 November 2026 (consensus $1.9B, previous $3.55B).

When is the next Indonesia Balance of Trade?

On Tuesday 1 December 2026 at 04:00 UTC.

Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.