Market participants were pleased to see the trade balance of Indonesia posting an unexpected USD $1.52 billion surplus in December 2013, almost twice as high than previous forecasts. This December surplus is the highest monthly surplus since December 2011. Exports rose 6.56 percent from November 2013 and 10.33 percent from December 2012, while imports rose 2.04 percent from November 2013 but declined 0.79 percent from December 2012. Although showing an easing trend, Indonesia posted a trade deficit of USD $4.06 billion in full 2013.
Total exports in 2013 (January to December) reached USD $182.57 billion, or declined 3.92 percent from the previous year. Fuels and fats and animal/vegetable oils were the most valuable export products at USD $24,78 billion and USD $19.22 billion respectively. Largest export destination of Indonesia in 2013 was China, the world's second largest economy, with USD $21.28 billion worth of exports, followed by Japan (USD $16.09 billion) and the USA (USD $15.08 billion).
Imports in 2013 totaled USD $186.3 billion, a 2.64 percent decline from the previous year. China accounted for the largest contribution share towards Indonesia's imports. Indonesia imported products worth of USD $29.57 billion from China, followed by Japan (USD $19.05 billion) and the United States (USD $10.61 billion). Thus both in terms of export and import, China, Japan and the USA are Indonesia's most important trading partners.
Indonesia's Trade Balance 2013 (in billion US Dollar):
|Month||Oil & Gas||Non Oil & Gas||Total|| Oil & Gas
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Source: Statistics Indonesia