Indonesia's Oil and Gas Imports Surge, Singapore and Malaysia Remain Top Suppliers

The Central Statistics Agency (BPS) recorded a sharp increase in the value of Indonesia’s oil and gas imports in May 2026. Oil and gas imports rose by 70.78%, from US$2.64 billion in May 2025 to US$4.51 billion. Deputy for Distribution and Services Statistics at BPS, Ateng Hartono, stated that there has been no change or shift in the countries of origin for oil and gas imports compared to 2025. BPS noted that the main country of origin for oil and gas imports from January to May 2026 was Singapore, with an accumulated value reaching US$5.1 billion, representing approximately 29.38% of total oil and gas imports. The second largest source of oil and gas imports was Malaysia, at around US$3.6 billion or 20.54% of the total. The United States was third, with oil and gas imports amounting to US$1.4 billion, or about 8.28%. Ateng stated that the composition of Indonesia’s largest oil and gas import countries has not changed compared to last year, although a new player has begun to emerge: Brazil. For crude oil, Brazil rose to fourth place in the January-May 2026 period.