Indonesia Trade Balance Update: USD $673 Million Surplus in March 2014

Indonesia's record current account deficit in the second quarter of 2013 - in combination with the looming end of the Federal Reserve's quantitative easing program - led to large capital outflows from Southeast Asia's largest economy. Despite the ban on exports of unprocessed minerals, which was implemented in January 2014 and was expected to lead to a serious drop in exports, the country's balance turned into a surplus, particularly due to a big decline in imports. However, non-oil exports also increased significantly (5.59 percent) to USD $12.57 billion, dominated by coal and crude palm oil.

Indonesia's Trade Balance 2014 (in billion US Dollar):

2014	Export			Import
Month	Oil & Gas	Non Oil & Gas	Total	Oil & Gas	Non Oil & Gas	Total
January	2,50	11,97	14,47	3,55	11,37	14,92
February	2,73	11,90	14,63	3,46	10,33	13,79
March	2,64	12,57	15,21	4,01	10,53	14,54
Jan-Mar	7,87	36,45	44,41	11,02	32,22	43,25

Indonesia's Trade Balance 2013 (in billion US Dollar):

2013	Export			Import
Month	Oil & Gas	Non Oil & Gas	Total	Oil & Gas	Non Oil & Gas	Total
January	2,66	12,72	15,38	3,97	11,48	15,45
February	2,57	12,45	15,02	3,64	11,67	15,31
March	2,93	12,09	15,02	3,90	10,99	14,89
April	2,45	12,31	14,76	3,63	12,83	16,46
May	2,92	13,21	16,13	3,43	13,23	16,66
June	2,80	11,96	14,76	3,53	12,11	15,64
July	2,28	12,81	15,09	4,14	13,28	17,42
August	2,72	10,36	13,08	3,67	9,34	13,01
September	2,41	12,29	14,70	3,72	11,79	15,51
October	2,72	12,99	15,70	3,47	12,20	15,67
November	2,77	13,17	15,94	3,70	11,21	15,15
December	3,41	13,58	16,98	4,22	11,24	15,46
Jan-Dec	32,63	149,93	182,57	45,27	141,36	186,36

^{Source: Statistics Indonesia}

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