Trade Balance of Indonesia – Exports & Imports Rise in First Half 2022

09 December 2022

Despite a high degree of global economic uncertainty due to the Russia-Ukraine war, Indonesia’s export, and import performance has been very strong thanks to high international commodity prices, and the economic rebound from the Covid-19 crisis. So, the year 2022 so far has been positive for Indonesian trade as the country’s exports and imports increased in the first half of this year. Month-wise, Indonesian trade saw a surge in August as compared to the previous months. Here is an overview of Indonesia’s exports and imports in 2022.

Indonesia’s exports recorded a good rise and imports saw a marginal increase in Q2 of 2022

Indonesia’s exports have increased substantially in the first half of 2022 and imports also increased marginally in the said period. The trade balance of Indonesia has been positive from Q1 of 2021 to Q2 of 2022, as per our Indonesia trade data. Below given chart shows the trade balance of Indonesia and the table shows the value of Indonesian exports and imports.

Indonesian exports and imports increased in August 2022

By month, Indonesia has recorded a good surge in exports in August 2022 and imports also rose marginally in the said month. The trade balance of Indonesia increased from USD 962 million in January 2022 to USD 5,712 million in August. Here is a data visualization of Indonesian trade from Jan to Aug 2022 and a table that shows the value of exports and imports as well.  

Year-wise analysis of Indonesian exports and imports

Despite the Covid-19 pandemic crisis and global economic uncertainties, Indonesia’s trade has increased in the last ten years. According to our data, Indonesia’s exports in 2013 were USD 182,551 million which rose to USD 228,231 million in 2021. And imports were USD 186,628 million in 2013 and USD 195,712 million in 2021. Till August 2022, Indonesia exported USD 194,551 million worth of commodities and imported USD 159,677 million worth of goods. Take a look at the chart to get better data visualization. 

Indonesia is likely to see a strong economy in 2023, despite the global trade crisis due to the ongoing Russia-Ukraine war and the aftermath of the Covid-19 pandemic. Keep on trusting us to access accurate and complete global import-export trade data. We will keep updating Indonesia’s trade data and trade information of other countries.