Indonesia’s Trade Balance Stays Positive for 72 Months Despite Oil and Gas Deficit
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- Indonesia posted a trade surplus of US$89.1 million in April 2026, extending its positive trade balance streak to 72 consecutive months since May 2020.
- The surplus was driven by stronger non-oil and gas exports, particularly in commodities such as palm oil, mineral fuels, and iron and steel, while the oil and gas sector remained in deficit.
- From January to April 2026, Indonesia recorded a cumulative trade surplus of US$5.64 billion, supported by export growth that continued to outpace imports over the period.
Jakarta – Indonesia’s trade balance remained in surplus in April 2026, marking 72 consecutive months of positive performance, according to data released by Statistics Indonesia (BPS).
The country recorded a trade surplus of US$89.1 million in April, continuing a trend that has persisted since May 2020.
“At April 2026, Indonesia’s trade balance recorded a surplus of US$89.1 million. This extends the surplus streak to 72 consecutive months since May 2020,” said Pudji Ismartini, Deputy for Statistical Methodology and Information at BPS, during a press briefing on Tuesday.
The surplus was largely supported by non-oil and gas commodities, which contributed US$3.53 billion. Key contributors included animal or vegetable fats and oils (HS15), mineral fuels (HS27), and iron and steel (HS72).
However, the oil and gas segment continued to weigh on the trade balance, posting a deficit of US$3.44 billion. The deficit was driven by imports of crude oil, refined petroleum products, and natural gas.
Cumulatively, Indonesia recorded a trade surplus of US$5.64 billion between January and April 2026.
“This cumulative surplus was supported by a non-oil and gas surplus of US$14.16 billion, while the oil and gas sector still recorded a deficit of US$8.52 billion,” Pudji added.
The continued surplus reflects stronger export performance relative to imports. In April 2026, Indonesia’s exports reached US$25.30 billion, increasing by 21.98 percent year-on-year.
Imports also rose, totaling US$25.21 billion, up 22.49 percent compared to April 2025.
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