Indonesia Balanza Comercial

Indonesia's trade surplus narrowed to USD 2.24 billion in December 2024 from USD 3.29 billion in the same month a year earlier, falling short of market estimates for a gain of USD 3.79 billion and marking the smallest amount since February. The notable decrease was largely due to a jump in imports at the year-end. Purchases surged 11.07% from the prior year, easily topping forecasts of 4.84% and sharply picking up from a muted 0.01% rise in November. Meanwhile, shipments grew by 4.78% yoy, marking the ninth consecutive month of growth but the weakest pace in six months, underperforming expectations of 7.38% and easing sharply from a marginally revised 9.10% rise in November. For the full year, the trade balance registered a surplus of USD 31.04 billion, down from USD 36.89 billion in 2023, as exports increased by 2.29% and imports rose at a steeper 5.31%.