Indonesia's Trade Balance Records Surplus of 3.26 Billion US Dollars in September 2024

JAKARTA - The Central Statistics Agency (BPS) recorded that the goods trade balance was again in surplus in September 2024 at USD3.26 billion. This means that there has been a surplus for 53 consecutive months since May 2020.

Acting Head of BPS Amalia Adininggar Widyasanti said that the goods trade balance surplus in September 2024 was USD3.26 billion, or an increase of USD0.48 billion compared to the previous month's surplus of USD2.78 billion.

"Indonesia's trade balance has recorded a surplus for 53 consecutive months," said Amalia in a press conference, Tuesday, October 15.

Amalia said that the trade balance surplus in September 2024 was higher compared to the previous month. However, it was lower by 0.15 billion US dollars compared to the same period last year at 3.40 billion US dollars.

Amalia explained that the trade balance surplus in September 2024 was driven by a surplus in non-oil and gas (oil and gas) commodities, which amounted to 4.62 billion US dollars.

The commodities that contributed to the main surplus were mineral fuels (HS 27), animal and vegetable fats and oils (HS 15), and iron and steel or (HS 72).

At the same time, Indonesia's oil and gas commodities recorded a deficit of 1.36 billion US dollars, or lower than the previous month's deficit of 1.44 billion US dollars. These oil and gas commodities come from oil and crude oil commodities.

The Indonesian trade balance in September 2024 which returned recorded a surplus due to higher export value compared to import value.

Indonesia's export value in September 2024 was recorded at 22.08 billion US dollars, or down 5.80 percent compared to the previous month.

Meanwhile, Indonesia's import value was recorded at 18.82 billion US dollars, or down 8.91 percent compared to the previous month.