The Central Statistics Agency (BPS) reported that Indonesia's trade balance has consistently experienced a surplus for 50 consecutive months since May 2020, with a surplus of USD 2.39 billion in June 2024. Acting Head of BPS, Amalia Adininggar Widyasanti, explained that the trade surplus in June 2024 was due to export transactions totaling USD 20.84 billion and imports amounting to USD 18.45 billion. Detailed by sector, oil and gas exports in June 2024 were USD 1.23 billion, while non-oil and gas exports reached USD 19.06 billion. Conversely, oil and gas imports for the same period were USD 3.27 billion, with non-oil and gas imports at USD 15.2 billion.
Amalia noted that the surplus from non-oil and gas trade was higher at USD 4.43 billion, but this was offset by a deficit in the oil and gas sector of USD 2.04 billion. From January to June 2024, the oil and gas sector had a deficit of USD 10.11 billion, whereas the non-oil and gas sector recorded a surplus of USD 25.55 billion, leading to an overall surplus of USD 15.44 billion. The top three contributors to Indonesia's trade surplus in June 2024 were India with USD 1.47 billion, the United States with USD 1.21 billion, and the Philippines with USD 694 million. Conversely, the countries contributing the most to Indonesia's trade deficit during the same period were China with USD 693.4 million, Australia with USD 331.1 million, and Thailand with USD 327.8 million.
