Indonesia's Trade Balance Records US$4.03 Billion Surplus for January–May 2026

The cumulative trade balance for Indonesia recorded a surplus of US$4.03 billion in the January–May 2026 period, despite experiencing a deficit in May 2026. The surplus was underpinned by a US$16.31 billion surplus in non-oil and gas commodities, while oil and gas commodities still suffered a deficit of US$12.28 billion. Cumulative export value for January–May 2026 reached US$115.36 billion, a 3.02% increase compared to the same period the previous year. This growth was driven by a 3.89% rise in non-oil and gas exports to US$110.19 billion. The three main destination countries for Indonesia’s non-oil and gas exports were China, the United States, and India, contributing 44.20% of total non-oil and gas exports. Meanwhile, cumulative import value for January–May 2026 was recorded at US$111.33 billion, up 15.24% year-on-year. Non-oil and gas imports dominated at US$93.88 billion, rising 13.16%, while oil and gas imports grew 27.89% to US$17.45 billion. In terms of usage, non-oil and gas imports increased across capital goods, raw materials, and consumer goods. Raw materials were the largest contributor at US$79.40 billion, up 14.41%, followed by capital goods at US$22.12 billion and consumer goods at US$9.81 billion. China was the main source of non-oil and gas imports with a value of US$39.27 billion, followed by Japan and Australia. The non-oil and gas trade surplus was supported by five main commodities: animal and vegetable fats and oils, mineral fuels, iron and steel, nickel and articles thereof, and footwear.