The United States remains the largest contributor to Indonesia\u2019s\nnon-oil and gas trade surplus from January to May 2026. The performance\nof non-oil and gas exports has also kept Indonesia\u2019s overall trade\nbalance in surplus, despite the oil and gas sector still experiencing a\ndeficit.<\/p>\n
The Ministry of Trade recorded a non-oil and gas trade surplus of\n$16.31 billion during the first five months of 2026. This figure was\nsufficient to cover the oil and gas trade deficit of $12.28 billion,\nresulting in a cumulative trade surplus of $4.03 billion for\nIndonesia.<\/p>\n
Trade Minister Budi Santoso stated that non-oil and gas trade remains\nthe main pillar supporting Indonesia\u2019s foreign trade performance amid\nglobal economic uncertainty. \u2018Although the trade balance in May 2026 was\nin deficit, cumulatively Indonesia\u2019s trade performance still recorded a\nsurplus. This proves that Indonesia\u2019s non-oil and gas trade performance\nremains robust in the face of global challenges,\u2019 Budi said in a\nstatement.<\/p>\n
According to Ministry of Trade data, the US recorded the largest\nnon-oil and gas trade surplus for Indonesia, valued at $8.47 billion\nfrom January to May 2026. India followed with a surplus of $5.34\nbillion, and the Philippines with $3.42 billion.<\/p>\n
The trade surplus was supported by several of Indonesia\u2019s main\ncommodities. Animal or vegetable fats and oils were the largest surplus\ncontributor at $13.92 billion, followed by mineral fuels at $10.88\nbillion, and iron and steel at $7.09 billion.<\/p>\n
Budi said the government will continue to expand export market access\nwhile increasing the added value of national products to maintain trade\nperformance. \u2018Going forward, the government will continue to expand\nexport market access while increasing the added value of national\nproducts so that export performance is maintained,\u2019 Budi said.<\/p>\n
The value of Indonesia\u2019s non-oil and gas exports from January to May\n2026 reached $110.19 billion, growing 3.89 percent compared to the same\nperiod last year. Meanwhile, total Indonesian exports reached $115.36\nbillion, an increase of 3.02 percent year-on-year.<\/p>\n
The processing industry sector remained the main driver of national\nexports with a growth of 6.80 percent. This increase was driven by\nrising exports of aluminium and articles thereof, nickel and articles\nthereof, and organic chemicals.<\/p>\n
The Ministry of Trade also noted that several export markets recorded\nhigh growth during January to May 2026. Non-oil and gas exports to\nRomania increased by 409.78 percent, followed by Hong Kong at 34.01\npercent, Egypt at 33.73 percent, Thailand at 19.32 percent, and China at\n17.68 percent compared to the same period the previous year.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/us-remains-indonesias-largest-contributor-to-trade-surplus-1783068762", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }