Indonesia books trade balance surplus of 5.09 bln USD in June 2022

Exports in June 2022 were recorded at 26.09 billion U.S. dollars, up 21.3 percent compared to the previous month, or grew 40.68 percent compared to June 2021.

 

Jakarta (Indonesia Window) – Indonesia’s trade balance in June 2022 recorded a surplus of 5.09 billion U.S. dollars with exports valued at 26.09 billion dollars and imports of 21.00 billion dollars, according to data from the Statistics Indonesia (BPS).

“This June surplus is a surplus for 25 consecutive months since May 2020,” BPS’ Head Margo Yuwono told a press conference here on Friday.

He explained that the surplus of the non-oil and non-gas sector was recorded at 7.23 billion dollars with the main contributing commodities coming from mineral fuels, vegetable fats and animal oils, as well as iron and steel.

According to Margo, the overall trade surplus was driven by exports which increased more rapidly than imports.

Exports in June 2022 were recorded at 26.09 billion dollars, up 21.3 percent compared to the previous month, or grew 40.68 percent compared to June 2021.

Margo pointed out that exports of non-oil and non-gas products rose 22.71 percent on a monthly basis or 41.89 percent on an annual basis to 24.56 billion dollars. Meanwhile, exports of oil and gas products rose 2.45 percent on a monthly basis or 23.68 percent compared to last year to 1.53 billion dollars.

He further said that non-oil and non-gas exports in June were supported by animal fats and vegetable oils, which rose very impressively by 300.66 percent compared to the previous month.

Meanwhile, the value of Indonesia’s imports in June 2022 reached 21.00 billion dollars. This figure is up 12.87 percent compared to May 2022, or growing 21.98 percent compared to June 2021.

“Oil and gas imports in June 2022 were worth 3.67 billion U.S. dollars, up 9.52 percent compared to May 2022 or up 59.84 percent compared to June 2021,” Margo noted.

“Meanwhile, non-oil and non-gas imports in June 2022 were worth 17.33 billion U.S. dollars, up 13.60 percent compared to May 2022 or up 16.15 percent compared to June 2021,” he added.

Thus, Indonesia’s trade balance in the January-June 2022 period experienced a surplus of 24.89 billion dollars with total exports of 35.33 billion dollars and imports of 21.62 billion dollars.

Reporting by Indonesia Window