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Indonesia Trade Trends January 2024

According to data released by Statistics Indonesia, the country’s exports decreased 8.34 per cent to USD 20.52 billion in January 2024, while imports dropped 3.13 per cent to USD 18.51 billion in the same period, resulting in a trade surplus of USD 2.02 billion.

In January 2024, there is a trade deficit between Indonesia and a number of nations, including USD 1.42 billion with Thailand, USD 0.43 billion with Australia, and USD 1.38 billion with China.


Plastics and plastic items, in addition to mechanical and electrical gear and equipment and their parts, were the main contributors to the biggest trade imbalance with China.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2024.


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