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Indonesia's Top 10 Trading Surplus Contributors, 2023

Erlina Fury Santika 16/01/2024 19:20 WIB

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BPS reports that 10 countries are Indonesia's largest contributors to its trade surplus. India ranks first, contributing US$14.51 billion to the trade balance.

Top 10 Countries Contributing to Indonesia's Trade Surplus (2023)

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Top 10 Countries Contributing to Indonesia's Trade Surplus (2023)

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The Central Statistics Agency (BPS) reports that Indonesia's total trading partners reached 246 countries in 2023.

Of this number, 177 countries contributed to a trade surplus, while 69 other countries contributed to a deficit.

The country with the largest contribution to Indonesia's trade surplus in 2023 was India, with a value reaching US$14.51 billion against the Indonesian trade balance.

This surplus consisted of exports valued at US$20.28 billion, and imports to Indonesia reached US$5.77 billion.

Second largest was the United States, with a surplus contribution of US$14.01 billion. Exports to the US amounted to US$23.24 billion, while imports were US$9.22 billion.

Third was the Philippines with a value of US$9.60 billion. Details show exports of US$11.04 billion and imports of US$1.44 billion.

Following this were Malaysia and Bangladesh, each contributing US$4.4 billion and US$3.12 billion respectively to Indonesia's trade balance. The rest can be seen in the graph.

Indonesia recorded a trade balance surplus of US$3.31 billion in December 2023. This surplus has continued uninterrupted for 44 months.

BPS Deputy for Distribution and Service Statistics, Pudji Ismartini, stated that this surplus increased compared to the previous month, but was lower than the same month in 2022, which was US$3.92 billion.

Cumulatively, throughout January-December 2023, Indonesia's total trade balance surplus reached US$36.93 billion, lower by approximately US$17.52 billion or 32.18% compared to the same period the previous year.

(Also read: Indonesia Records 44 Consecutive Months of Trade Surplus until December 2023)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Top 10 Trading Surplus Contributors, 2023

Indonesia's Top 10 Trading Surplus Contributors, 2023

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