April 2026 Trade Balance Surplus Hits Six-Year Low

Statistics Indonesia (BPS) recorded a trade balance surplus of US$ 89.1 million in April 2026. This figure represents a significant contraction from the previous month’s surplus of US$ 3.32 billion and is the lowest surplus recorded during the current 72-month streak of consecutive surpluses.

The surplus was supported by non-oil and gas (non-migas) trade transactions valued at US$ 3.53 billion, whereas the oil and gas (migas) sector recorded a deficit of US$ 3.44 billion.

“Thus, the April 2026 surplus is the smallest since May 2020, amidst 72 consecutive months of surplus,” stated BPS Deputy for Distribution and Services Statistics, Pudji Ismartini, during a press conference in Jakarta on Thursday, 2 June 2026.

Pudji explained that the primary contributors to the non-oil and gas surplus were animal and vegetable fats and oils (HS15), mineral fuels (HS27), and iron and steel (HS72). Conversely, the oil and gas sector’s largest deficit contributors were crude oil, petroleum products, and natural gas.

BPS data shows that Indonesia’s export value in April 2026 reached US$ 25.30 billion, an increase of 21.98 per cent compared to April 2025. Meanwhile, Indonesia’s import value for April 2026 reached US$ 25.21 billion, up 22.49 per cent from April 2025.

Accumulated from the beginning of the year, specifically from January to April 2026, Indonesia’s trade balance recorded a surplus of US$ 5.64 billion. This was driven by a surplus in the non-oil and gas sector of US$ 14.16 billion and a deficit in the oil and gas sector of US$ 8.52 billion. Indonesia’s export value for the January–April 2026 period rose by 5.48 per cent to US$ 92,152.0 million, compared to US$ 87,363.6 million during the same period in 2025.