Latest reading: In December, the trade balance was USD +2.4 billion, following a USD +0.7 billion reading in the prior...
Merchandise Exports in Indonesia
Merchandise exports were worth USD 262 billion in 2024 in Indonesia compared to USD 175 billion ten years earlier, and averaged USD 200 billion over the last decade. For more exports information, visit our dedicated page.
Indonesia Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for Indonesia from 2014 to 2025.
Source: Macrobond.
Indonesia Merchandise Exports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 163 | 233 | 293 | 258 | 263 |
| Merchandise Exports (ann. var. %) | -3.0 | 42.5 | 25.6 | -11.9 | 2.1 |
Merchandise trade surplus narrows in November
Latest reading: In November, the trade balance was USD +3.3 billion, following a USD +3.6 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD +49.6 billion. This marked the smallest surplus since April 2025. Exports declined 5.5% in annual terms in November, coming on the back of a 0.8% decline in the previous month. November's reading was the weakest since February 2024. Imports rose 0.5% in year-on-year terms in November, following a 1.6% decline in the previous 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 merchandise exports projections for the next ten years from a panel of 14 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 merchandise exports forecast available for Indonesian merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian merchandise exports projections.
Want to get access to the full dataset of Indonesian merchandise exports forecasts? Send an email to info@focus-economics.com.
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