Indonesia's Non-Oil and Gas Trade to China Experiences Deepest Deficit in June 2024

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti. (Photo: Doc. ANTARA)

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's non-oil and gas (migas) trade balance had a surplus in June 2024 reaching 4.43 billion US dollars, or higher when compared to the previous month which was 4.25 billion US dollars, or the same month last year which was 4.41 billion US dollars.

Acting Head of BPS Amalia Adininggar Widyasanti said that Indonesia's non-oil and gas (migas) trade balance experienced a deficit in June 2024 with several major trading partners, namely China, Australia, and Thailand.

Amalia said that Indonesia's trade with China experienced a deficit of 0.693 billion US dollars, Australia experienced a deficit of 0.331 billion US dollars, and Thailand experienced a deficit of 0.327 billion US dollars.

"The deepest deficit experienced with China was driven by commodities such as machinery and mechanical equipment and their parts or (HS 84)," she said in a press conference, Monday, July 15.

Then, driven by electrical machinery and equipment and its parts (HS 85), as well as plastic and plastic goods (HS 39).

Meanwhile, Amalia said that in June 2024 there were three countries that contributed the largest non-oil and gas trade balance surplus in June 2024, namely India, the United States, and the Philippines.

Meanwhile, Indonesia's non-oil and gas trade balance with India was 1,466.3 billion US dollars, but decreased when compared to the previous month which was 1,552 billion US dollars.

Meanwhile, Indonesia's non-oil and gas trade balance with the United States was recorded at 1,216.7 billion US dollars, or an increase when compared to the previous month which was 1,204.6 billion US dollars.

Finally, Indonesia's non-oil and gas trade balance with the Philippines was recorded at 0.694 billion US dollars, or an increase compared to the previous month which was 0.739 billion US dollars.

Amalia said that the largest surplus with India was driven by several commodities such as animal and vegetable fat and oil commodities (HS 15), especially crude palm oil (CPO), mineral fuels (HS 27), and iron and steel (HS 72).