No. 26/142/DKom
Based on data published by BPS-Statistics Indonesia, Indonesia amassed a trade surplus in June 2024 totalling USD2.39 billion, retreating from USD2.92 billion in May 2024. Bank Indonesia views the trade surplus positively in terms of further strengthening external economic resilience in Indonesia. Moving forward, Bank Indonesia will continue strengthening policy synergy with the Government and other relevant authorities to increase external resilience in pursuit of sustainable national economic growth.
The trade surplus was maintained primarily due to a wider non-oil and gas trade surplus. The non-oil and gas trade balance in June 2024 recorded a USD4.43 billion surplus, increasing from USD4.25 billion one month earlier. The latest developments were in line with solid non-oil and gas exports, recorded USD19.61 billion in the reporting period. Robust non-oil and gas export performance was supported by exports of commodities based on natural resources, such as fixed animal/vegetable oils and fats, as well as manufacturing exports, including machinery and electrical equipment and parts thereof. Based on destination country, non-oil and gas exports bound for China, the United States and India were still the main contributors to Indonesia's export performance. On the other hand, the oil and gas trade deficit widened to USD2.04 billion in June 2024 as a result of higher oil and gas imports coupled with lower oil and gas exports.
Jakarta 15th July 2024
Communication Department
Erwin Haryono
Assistant Governor
