BPS Records Oil And Gas Trade Balance Deficit Of 1.43 Billion US Dollars

JAKARTA - The Central Statistics Agency (BPS) noted that the trade balance for oil and gas commodities experienced a deficit of 1.43 billion US dollars in January 2025.

This figure is lower than in December 2024 of 1.76 billion US dollars.

Acting Head of BPS Amalia Adininggar Widyasanti said the oil and gas balance deficit was driven by increased imports of crude oil and imports of oil products.

"The trade balance of oil and gas commodities was recorded as a deficit of 1.43 billion US dollars, where the contributors to the deficit were crude oil and oil products," he said at a press conference, Monday, February 17.

Meanwhile, this deficit was caused by a higher import value when compared to the export value where in January 2025 the value of oil and gas exports was USD 1.06 billion, down 31.35 percent when compared to last year's December of USD 23.46 billion.

Meanwhile, the import value of oil and gas in January 2025 was recorded at 2.48 billion, down 24.69 percent when compared to December 2024 amounting to 3.30 billion US dollars.

Overall, BPS reported that in January 2025 Indonesia's trade balance recorded a surplus of US$3.45 billion, an increase of US$1.21 billion on a monthly basis.

In addition, the trade balance recorded a surplus for 57 consecutive months in January 2025 and became the latest record after last month's surplus of 56 consecutive months.

The trade balance surplus occurred because the export value was greater than imports due to the value of Indonesia's exports in January 2025 of 21.45 billion US dollars, while the import value in January 2025 was 18 billion US dollars.

So that Indonesia's trade balance in January 2025 has a surplus of around 3.45 billion US dollars.