Indonesia balance of trade

Indonesia balance of trade: 2927 (7.61%)
Last Update: May 31, 2024

Indonesia balance of trade closed down 2927 as of May 31, 2024 from 2720.1 from the previous month and 427.24 from last year.

Indonesia balance of trade Analytics & Data

Indonesia balance of trade

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Indonesia balance of trade

2024-05-31 2927
2024-04-30 2720.1
2024-03-31 4577.7
2024-02-29 833.5
2024-01-31 1999.53
2023-12-31 3285.01
2023-11-30 2411.7
2023-10-31 3473.8
2023-09-30 3404.94
2023-08-31 3118.15
2023-07-31 1291.88
2023-06-30 3450.82
2023-05-31 427.24
2023-04-30 3936.46
2023-03-31 2827.94
2023-02-28 5462.4
2023-01-31 3880.9
2022-12-31 3964.8
2022-11-30 5131.9
2022-10-31 5670
2022-09-30 4968.83
2022-08-31 5711.54
2022-07-31 4218.17
2022-06-30 5146.26

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Indonesia balance of trade Statistics

balance of tradeid.balanceoftrade2927.02720.18585UPUP932024-05-31

Indonesia balance of trade Factors

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Indonesia balance of trade Historical Data

The MacroVar database offers free access to historical data for the Indonesia balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Indonesia balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Indonesia balance of trade

The balance of trade in Indonesia refers to the difference between the value of the country's exports and imports. A positive balance of trade occurs when the value of exports exceeds the value of imports, resulting in a trade surplus. On the other hand, a negative balance of trade occurs when the value of imports exceeds the value of exports, resulting in a trade deficit. Indonesia has historically experienced a trade deficit due to its reliance on imported goods and raw materials, particularly in the energy and manufacturing sectors. Efforts are being made to improve the balance of trade through initiatives to boost exports and reduce imports, as a more balanced trade relationship can lead to economic growth and stability.