Indonesia's Trade Balance Surplus 50 Months In A Row, Tembus 2.39 M US Dollars In June 2024

Illustration (Photo: Doc Antara)

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's trade balance recorded a surplus in June 2024 reaching 2.39 billion US dollars.

This surplus makes Indonesia's trade balance a surplus of 50 consecutive months.

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti said Indonesia's trade balance had recorded a surplus in June 2024 reaching 2.39 billion US dollars or a decrease of 0.54 billion US dollars when compared to the previous month which amounted to 2.92 billion US dollars.

"This June 2024 surplus is certainly lower than the previous month, as well as the same month last year (down 1.06 billion US dollars)," Amalia said at a press conference, Monday, July 15.

Amalia said that Indonesia's trade balance in June 2024 was still in surplus due to the higher export value compared to the import value.

Indonesia's export value was recorded at 20.84 billion US dollars, or a decrease of 6.65 percent on a monthly basis.

Meanwhile, Indonesia's import value was recorded at 18.45 billion US dollars, or a decrease of 4.89 percent when compared to the previous month.

Amalia said that the trade balance surplus in June 2024 was lower than the previous month and the same month last year.

The trade balance surplus in June 2024 was supported by non-oil and gas (oil and gas) commodities of US$4.43 billion, of which commodities that contributed surpluses were mineral fuels (HS 27), vegetable animal fats and oils (HS 15), iron and steel (HS 72) and several other commodities.

Meanwhile, the non-oil and gas trade balance surplus in June 2024 amounted to 4.43 billion US dollars higher when compared to the previous month which amounted to 4.25 billion US dollars, as well as the same month last year which amounted to 4.41 billion US dollars.

At the same time, Amalia said that the trade balance of oil and gas commodities was recorded at a deficit of US$2.04 billion, with commodities contributing to the deficit coming from crude oil and oil products.

The oil and gas trade balance deficit in June 2024 was deeper than the previous month, which amounted to 2.92 billion US dollars, and compared to the same month last year of 3.45 billion US dollars.