Indonesia Trade Data (Monthly basis), starting from January 2022

[Indos]

2021

Indonesia’s Top 10 Exports​

The following export product groups represent the highest dollar value in Indonesian global shipments during 2021. Also shown is the percentage share each export category represents in terms of overall exports from Indonesia.

1. Mineral fuels including oil: US$45.1 billion (19.8% of total exports)
2. Animal/vegetable fats, oils, waxes: $32.8 billion (14.4%)
3. Iron, steel: $20.9 billion (9.2%)
4. Vehicles: $8.6 billion (3.8%)
5. Electrical machinery, equipment: $8.5 billion (3.7%)
6. Rubber, rubber articles: $7.1 billion (3.1%)
7. Other chemical goods: $6.9 billion (3%)
8. Ores, slag, ash: $6.4 billion (2.8%)
9. Machinery including computers: $6.3 billion (2.8%)
10. Footwear: $6.2 billion (2.7%)

​

Indonesia’s Top Exports 2023

Indonesia’s top exports in 2023 a searchable database of 100 most valuable Indonesian exported goods plus trade balances by major products

www.worldstopexports.com

 

[Indos]

Products Generating Highest Trade Surpluses for Indonesia​

Indonesia went generated $32.5 billion trade surplus for 2021, up by 50% from $21.7 billion in black ink one year earlier in 2020.

The following types of Indonesian product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

1. Animal/vegetable fats, oils, waxes: US$32.5 billion (Up by 58.5% since 2020)
2. Mineral fuels including oil: $16.3 billion (Up by 66.1%)
3. Iron, steel: $9 billion (Up by 125.3%)
4. Footwear: $5.4 billion (Up by 29.7%)
5. Ores, slag, ash: $4.6 billion (Up by 87.3%)
6. Rubber, rubber articles: $4.6 billion (Up by 18.4%)
7. Wood: $4.5 billion (Up by 30.1%)
8. Knit or crochet clothing, accessories: $4 billion (Up by 31.6%)
9. Clothing, accessories (not knit or crochet): $3.8 billion (Up by 15.2%)
10. Fish: $3.4 billion (Up by 3.6%)

Indonesia has highly positive net exports in the international trade of palm oil, coal and crude oil. In turn, these cashflows indicate Indonesia’s strong competitive advantages under the related product categories

Indonesia’s Top Exports 2023

Indonesia’s top exports in 2023 a searchable database of 100 most valuable Indonesian exported goods plus trade balances by major products

www.worldstopexports.com

 

[Indos]

Products Causing Worst Trade Deficits for Indonesia​

Below are exports from Indonesia that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Indonesia’s goods trail Indonesian importer spending on foreign products.

1. Machinery including computers: -US$19.5 billion (Up by 17.7% since 2020)
2. Electrical machinery, equipment: -$13.9 billion (Up by 40.7%)
3. Plastics, plastic articles: -$7.3 billion (Up by 60.2%)
4. Cereals: -$4.1 billion (Up by 35.4%)
5. Pharmaceuticals: -$3.8 billion (Up by 571.6%)
6. Organic chemicals: -$3.6 billion (Up by 35.2%)
7. Optical, technical, medical apparatus: -$2.5 billion (Up by 8.2%)
8. Food industry waste, animal fodder: -$2.4 billion (Up by 22.5%)
9. Sugar, sugar confectionery: -$2.2 billion (Up by 13%)
10. Knit or crochet fabric: -$1.9 billion (Up by 46.3%)

Indonesia has highly negative net exports and therefore deep international trade deficits for machinery, particularly those related to computers.

Indonesia’s Top Exports 2023

Indonesia’s top exports in 2023 a searchable database of 100 most valuable Indonesian exported goods plus trade balances by major products

www.worldstopexports.com

​

 

[Indos]

Major Indonesian Export Companies​

Nine Indonesian corporations rank among Forbes Global 2000. Below is a sample of the major Indonesian conglomerates that Forbes included.

• Gudang Garam (Tobacco)
• Semen Indonesia (Construction Materials)
• Telkom Indonesia (Telecommunications services)

Wikipedia also lists exporters from Indonesia. Selected examples are shown below.

• Astra International (financial/industrial conglomerate)
• Bumi Resources (coal)
• Djarum (tobacco cigarettes)
• Dragon Computer & Communication (computer hardware)
• Krakatau Steel (steel products)
• MedcoEnergi (oil, gas)
• Pertamina (oil, natural gas)
• United Tractors (heavy equipment)

Indonesia’s Top Exports 2023

Indonesia’s top exports in 2023 a searchable database of 100 most valuable Indonesian exported goods plus trade balances by major products

www.worldstopexports.com

 

[xuxu1457]

well done, EAST Asia and SOUTHEAST Asia With continuous economic integration and finding own position in the industrial chain, will become the largest and most active economic group in the world.

 

[Indos]

Indonesia's May Trade Surplus Widens Despite Palm Oil Export Ban​

BY :JAKARTA GLOBE
JUNE 15, 2022

Jakarta. Indonesia's trade surplus widened to $2.90 billion last month from $2.70 billion in the same month a year ago, despite the country's palm oil export embargo, keeping the balance in the black for the 25th consecutive month.

The Central Statistics Agency (BPS) Wednesday reported exports increased by 27 percent to $21.51 billion from the same month a year ago. Still, it was the lowest export in the last four months due to fewer working days during the Idul Fitri holiday and the palm oil export ban that lasted until May 23.

"Our palm oil is experiencing restrictions so that exports declined in May 2022," BPS head Setianto said on Wednesday.

Meanwhile, the agency said that imports increased at a faster pace of 30.7 percent to $18.61 billion, thanks to a rise in local demand.

The country's trade surplus of $2.70 billion in May was the smallest in four months, missing the consensus estimation of $3.8 billion.

Over the first five months of this year, the country has accumulated a surplus of $19.79 billion, BPS said.

Manufacturing exports
Exports from the manufacturing sector reached $14.14 billion, up 7.78 percent from a year ago and contributing 65.7 percent to total exports in May. The sector would have posted a higher growth rate if it were not for the palm oil export ban. The agency recorded crude palm oil as one of the manufacturing sector exports.

The mining sector, on the other hand, doubled from a year ago. The agency said that copper, lignite, and other ores exports were up 114 percent to $5,58 billion.

In total, non-oil and gas exports rose 25.3 percent to $20.0 billion in May, from the same month last year.

The most significant non-oil and gas exports in May 2022 were to China at $4.59 billion, followed by India at 2.26 billion and the United States at $2.05 billion. The three markets contributed 44.49 percent of the month's total export. Meanwhile, exports to Asean and the European Union member countries reached $4.07 billion and $1.46 billion, respectively.

On the other hand, non-oil and gas imports increased by 25.3 percent to $15.26 billion from a year ago.

Indonesia's May Trade Surplus Widens Despite Palm Oil Export Ban

The country's trade balance remains in the black for the 25th consecutive month.

jakartaglobe.id

Manufacturing exports
Exports from the manufacturing sector reached $14.14 billion, up 7.78 percent from a year ago and contributing 65.7 percent to total exports in May. The sector would have posted a higher growth rate if it were not for the palm oil export ban. The agency recorded crude palm oil as one of the manufacturing sector exports.

Spotted mistake made by the reporter. CPO is not part of manufacturing sector, what the statistic agency mean is cooking oil, since large part of palm oil export of Indonesia is in the form of refined CPO. The manufacturing part is on the refining and packaging process of the CPO.

 

[Indos]

AlhamduliLLAH

Indonesia Trade Surplus Beats Forecast After Palm Oil Exports Resumption​

By Reuters
|
July 14, 2022, at 10:49 p.m.
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Indonesia Trade Surplus Beats Forecast After Palm Oil Exports Resumption
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FILE PHOTO: A tug boat is seen docking at Tanjung Priok Port in Jakarta, Indonesia, January 11, 2021. REUTERS/Willy KurniawanREUTERS

By Gayatri Suroyo and Bernadette Christina

JAKARTA (Reuters) - Indonesia booked a larger-than-expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export ban a month earlier while coal shipments to Europe also jumped, official data showed on Friday.

A Reuters poll had expected a $3.52 billion surplus for June, following a $2.90 billion surplus in May.

Resource-rich Indonesia has been enjoying an export boom on the back of soaring global commodity prices. Its trade surplus in 2022's first half was the highest on record at $24.89 billion, more than double that of the same period in 2021.

June exports rose 40.68% on a yearly basis to $26.09 billion, beating the poll's 30.26% growth forecast, Statistics Indonesia data showed.

Palm oil and its derivatives contributed $2.74 billion to total shipments amid high global prices, up more than 860% from last month, with a big increase in sales to India, Pakistan, Bangladesh and China. That was a rise of 89% on an annual basis.

Indonesia banned exports of some palm oil products for three weeks from late April.
Its coal exports to Europe have also increased as the impacts of the Ukraine war disrupted Russian coal supply to the region. Data showed $191.2 million in coal exports in the second quarter, up 143% from the previous quarter. No monthly data was provided.

Imports rose 21.98% on an annual basis to $21 billion, with the biggest increase from purchases of raw materials and industrial machinery. The poll had expected 20.10% growth.

Myrdal Gunarto, an economist with Maybank Indonesia, said the surplus should give the central bank confidence to keep interest rates unchanged at next week's policy meeting as it provided "monetary ammunition" for them to stabilise the financial markets.

"We believe the era of high commodity prices will keep continuing until the end of year as a consequence of global economic recovery progress and persistent global geopolitical uncertainty," he said.

Bank Indonesia, one of the world's least hawkish central banks, has kept interest rates at pandemic-era record lows. Central banks of Singapore and the Philippines this week tightened their monetary policy in off-cycle moves to address rising inflation.

(This story removes extraneous words 'last year' from paragraph 7)

(Reporting by Gayatri Suroyo and Bernadette Christina Munthe; Editing by Ed Davies, Martin Petty)
Copyright 2022 Thomson Reuters.

https://money.usnews.com/investing/news/articles/2022-07-14/indonesia-trade-surplus-beats-forecast-after-palm-oil-exports-resumption#:~:text=July%2014%2C%202022%2C%20at%2010%3A49%20p.m.&text=JAKARTA%20(Reuters)%20%2D%20Indonesia%20booked,official%20data%20showed%20on%20Friday.

 

[Indos]

Indonesia Posts $35.34 Billion Trade Surplus in 2021: BPS​

Eko Nordiansyah • 17 January 2022 14:35


Jakarta: Indonesia's trade balance recorded a surplus of USD35.34 billion throughout 2021, according to the Central Statistics Agency (BPS).

Last year, Indonesian exports reached USD231.54 billion, while the country's imports reached USD196.20 billion.

"Regarding our trade balance in 2021, our surplus reached USD 35.34 billion," said BPS Head Margo Yuwono in a video conference on Monday. January 17, 2022.

According to him, the trade surplus in 2021 is the highest in the last five years.

Indonesia's trade balance recorded a surplus of USD9.48 billion in 2016, a surplus of USD11.84 billion in 2017, a deficit of USD8.7 billion in 2018, a deficit of USD3.59 billion in 2019, and a surplus of USD21.62 billion in 2020

Indonesia Posts $35.34 Billion Trade Surplus in 2021: BPS

Indonesia's trade balance recorded a surplus of USD35.34 billion throughout 2021, according to the Central Statistics Agency (BPS).

www.medcom.id

 

[Indos]

Indonesia records trade surplus with China in Jan-April​

29th June 2022

The Indonesian pavilion at the China Food and Drink Festival held in Chengdu, Sichuan province, on April 7–9, 2021. (ANTARA/HO-KBRI Beijing)

The drop must motivate (us) that Indonesia's foods and beverages can be accepted and have the potential to increase their market share in China.

Beijing (ANTARA) - Indonesia recorded a surplus of US$1.12 billion in its trade with China during the January–April period this year.

During the period, Indonesia's exports to China reached US$22.74 billion, while its imports from the world's second-largest economy stood at US$21.62 billion.

"As a result, Indonesia recorded a trade surplus of US$1.12 billion with China," Indonesian Ambassador to China Djauhari Oratmangun informed on Tuesday.

During the period, bilateral trade between the two countries swelled 34.36 percent year on year to touch US$44.36 billion.

However, Indonesia's processed food and beverage exports to China in the first four months of 2022 fell 23.17 percent to reach US$1.46 billion compared to US$1.90 billion in the corresponding period of the previous year.

The ambassador attributed the drop to the General Administration of Customs China’s (GACC)'s new regulation on processed food imports, which came into effect on January 1, 2022.

Related news: Trade Minister launches digital platform to boost exports to China

The enforcement of the new regulation hindered the unloading of goods from Indonesia at several ports in China for not meeting the GACC requirements.

"The drop must motivate (us) that Indonesia's foods and beverages can be accepted and have the potential to increase their market share in China," he said.

The regulation makes it mandatory for foreign producers of processed foods and beverages to register their production facilities with the GACC before exporting their products to China.

Indonesia records trade surplus with China in Jan-April - ANTARA News

Indonesia recorded a surplus of US$1.12 billion in its trade with China during the January–April period this year. During the period, Indonesia's ...

en.antaranews.com

 

[Indos]

China Agrees to Increase CPO Imports from Indonesia​

BY DION BISARA
JULY 27, 2022

Jakarta. China has unveiled a commitment to increase its crude palm oil import from Indonesia by 1 million metric tons, or about a fifth of its annual imports, in a move that should help pare down the Southeast Asian producer's surplus inventories and prop up the commodity prices among local farmers.

China Prime Minister Li Keqiang conveyed the plan to President Joko "Jokowi" Widodo when they met at Diaoyutai State Guesthouse in Beijing Tuesday.

Jokowi expressed appreciation of the plan and hoped it would strengthen bilateral trade ties between the two countries. "The opportunity here to increase trade is huge," Jokowi said in a statement.

China is one of the main consumers of Indonesia's CPO and other commodities. In 2021, the world's second largest economy imported 4.7 million tons of CPO from Indonesia, increasing 7 percent from the pandemic low of 4.39 million tons in 2020, according to data from the Central Statistics Agency (BPS).

Last year's shipment to China accounted for 9.5 percent of Indonesia's CPO export, the second largest after India, BPS data showed.

Minister of State-Owned Enterprises Erick Thohir, who accompanied Jokowi in the meeting, said the plan should advance Indonesia's agricultural productivity and farmers' welfare.

With this cooperation, Indonesia can increase the certainty of market absorption of farmers' products, Erick said in a separate statement.

The Indonesian Palm Oil Association (Gapki) said earlier that Indonesia faces a CPO excess supply following the country's brief export ban for the commodity in April.

Processing plants sit on about 7.1 million tons of unsold CPO early this month, Gapki said, nearing the total capacity of their storage capacity. That, in turn, forces them to decline fresh fruit bunches supply, further driving down prices among farmers.

To alleviate the problem, the government decided to drop CPO export levies until the end of August, from $55-200 per metric ton previously.

China's CPO import was among several issues discussed during Jokowi's meeting with Li Keqiang in his two-day visit to China on July 25 and 26. The two countries also seek to strengthen cooperation in trade, investment, infrastructure, finance, funding, and maritime sectors, Jokowi said.

Besides Erick, the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Foreign Affairs Retno Marsudi, Minister of State Secretary Pratikno, Minister of Investment/Head of BKPM Bahlil Lahadalia, and Indonesian Ambassador to Beijing Djauhari Oratmangun were also present at the meeting.

China Agrees to Increase CPO Imports from Indonesia

The plan should help pare down the Southeast Asian producer's surplus inventories and prop up the commodity's prices for local farmers.

jakartaglobe.id

 

[Indos]

Indonesia scores 4.2 billion USD trade surplus in July 2022, beating Reuters pool prediction at 3.9 billion USD.

Indonesia July trade surplus seen narrowing amid slowing global trade

Indonesia's trade surplus may have narrowed to US$3.93 billion last month due to weakening export performance as global trade activity slows, according to economists polled by Reuters.

www.thestar.com.my

 

[Indos]

Automotive Industry Prints a Trade Balance Surplus 661.2 Million US Dollars

Azwar Ferdian - 6 hours ago

Patimban Port, West Java


JAKARTA, KOMPAS.com - The national automotive industry managed to print a trade balance surplus of 661.2 million United States (US) dollars during the January-July 2022 period. This was related to the export value which jumped by 18 percent compared to last year.

Based on data from the Central Statistics Agency (BPS) related to exports of HS 87 Motor Vehicles and their Parts, this includes export products of two wheels, four wheels or more in whole or in disassembly, along with their components.

In total, the export value reached 5.88 billion US dollars. Realization of exports grew 18 percent compared to the same period last year of 4.96 billion US dollars. Unfortunately, at the same time the growth in the value of imports jumped sharply.

Patimban port, West Java


From the same data, as reported by Gaikindo, the import value of HS 87 reached 5.22 billion US dollars. That performance shot up 48.25 percent compared to 3.52 billion US dollars in the same period in 2021 ago.

Therefore, despite the automotive trade surplus until July this year, this value is shrinking. In the same period last year, the trade balance surplus exceeded 1.43 billion US dollars.

Indonesia's automotive exports were boosted by shipments of four-wheeled products with engine capacities of 1,000-1,500cc in intact form (completely built up/CBU). These products contributed to the export value of 1.09 billion US dollars for seven months of the current year.

In the second position, the largest export contributor was the export of four wheels with an engine capacity of 1,500-1,800 cc CBU. The total export value of these products reached 714.3 million US dollars.

Also read: Weekends, private vehicles are prohibited from passing through the Tebet Eco Park area

The third largest export was supported by four-wheeled products with engine cylinders above 2,500 cc, which made exports of 547.22 million US dollars during January-July 2022.

Meanwhile, the export value of two wheels with engine capacities between 50-150cc as a whole was recorded at US$382.3 million.

Exports were also supported by accessories and component products which packed a value of 485.3 million US dollars during the same period.

Overall, these export products still rely on conventional technology (internal combustion engine/ICE). Meanwhile, the main destination countries still revolve around the ASEAN region, especially the Philippines, Vietnam, and Malaysia.

Industri Otomotif Cetak Surplus Neraca Dagang 661,2 Juta Dollar AS

 

[Indos]

AlhamduliLLAH Indonesia trade surplus for August is 5.76 billion USD, around 2 billion USD more than Reuters pooling. That is good to defend our currency from this challenging global financial situation.

Not slowing, even posting another record

Indonesia's export growth seen slowing in Aug: Reuters poll

JAKARTA: Indonesia's exports were seen slowing in August as prices of some of its top commodities declined, but its trade surplus was expected to hold up at around US$4 billion, a Reuters poll showed on Tuesday (Sep 13). Twenty one analysts surveyed by Reuters predicted exports from Southeast...

www.channelnewsasia.com

 

[Ssan]

Actually the journalist is Indonesian as there is Reuters office in Jakarta, but the data pooling is managed by Indian economists, as I believe those Indians are economists instead of journalist.

Reuters basically hire best graduates within the country they are operating, as I have seen that Reuters office in Jakarta like to hire graduate from University of Indonesia Economic faculty, the best university for economics study as majority of our Finance Minister comes from there, including current Finance Minister, Sri Mulyani.

Indonesian economist prediction is much reliable and he is still not an over optimistic economist as we can see his prediction is not exceeding than actual data, and of course much much better than Reuters economist pooling projection.

---------------------------------------------------------

This is Yesterday news

Exports Soared, Indonesia's Trade Balance Surplus Could Be US$4 Billion Economists predict that Indonesia's trade balance surplus could be US$4 billion in March 2022.

View attachment 835402

Maria Elena - Bisnis.com 17 April 2022 | 14:20 WIB


Bisnis.com , JAKARTA - The trend of a high trade balance surplus is expected to continue in the March 2022 period.

Executive Director of the Center of Reform on Economics (CORE) Mohammad Faisal said the increase in the trade balance surplus will be influenced by the increase in commodity prices that will continue until March 2022. "With the extraordinary increase in commodity prices in March, actually since February due to the conflict between Russia and Ukraine, the value of Indonesia's exports has increased, it will be even greater than February's exports," he said, Sunday (17/4/2022)

Thus, according to him, Indonesia's trade balance surplus in March 2022 has the potential to reach US$4 billion. "I believe that in March 2022 the surplus will be greater than in February, which was US$3.8 billion, so in March the surplus could be more than US$4 billion," said Faisal.

Ekspor Melejit, Surplus Neraca Perdagangan RI Bisa US$4 Miliar

Ekonom memprediksi surplus neraca perdagangan RI bisa US$4 miliar pada Maret 2022.

ekonomi.bisnis.com

This is awesome man

 

[Indos]

Indonesia books $5.76 billion trade surplus in Aug, above expectation​

Workers are seen on a ship carrying containers at Tanjung Priok Port in Jakarta, Indonesia, January 11, 2021. Picture taken January 11, 2021. REUTERS/Willy Kurniawan

JAKARTA : Indonesia recorded a $5.76 billion trade surplus in August, the biggest in four months and larger than expected, as exports and imports beat forecast, official data showed on Thursday.

A Reuters poll had expected a surplus of $4.09 billion.

Exports rose 30.15 per cent on a yearly basis in August to $27.91 billion, against the poll's forecast of 19.19 per cent increase. Imports were worth $22.15 billion, up 32.81 per cent on a yearly basis, versus the poll's 30.60 per cent growth prediction.


Source: Reuters

Indonesia books $5.76 billion trade surplus in Aug, above expectation

JAKARTA : Indonesia recorded a $5.76 billion trade surplus in August, the biggest in four months and larger than expected, as exports and imports beat forecast, official data showed on Thursday.A Reuters poll had expected a surplus of $4.09 billion.Exports rose 30.15 per cent on a yearly basis in A

www.channelnewsasia.com