Latest reading: In January, the trade balance was USD +18.9 billion, following a USD +19.4 billion reading in the previous...
Merchandise Imports in Indonesia
Merchandise imports in Indonesia were worth USD 222 billion in 2024, compared to USD 168 billion ten years earlier, and they averaged USD 174 billion over the last decade. For more information on imports, visit our dedicated page.
Indonesia Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Indonesia from 2014 to 2025.
Source: Macrobond.
Indonesia Merchandise Imports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 135 | 189 | 230 | 211 | 223 |
| Merchandise Imports (ann. var. %) | -18.1 | 39.9 | 21.6 | -8.0 | 5.6 |
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 imports projections for the next ten years from a panel of 13 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 imports forecast available for Indonesian merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian merchandise imports projections.
Want to get access to the full dataset of Indonesian merchandise imports forecasts? Send an email to info@focus-economics.com.
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