Crude Oil and Its Products Drive a Surge in Oil and Gas Imports

Crude oil (between)

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's oil and gas (migas) sector imports experienced a significant spike in April 2026.

Meanwhile, the value of oil and gas imports was recorded at US$ 4.60 billion or increased by 82.52 percent compared to the same period last year of US$ 2.52 billion in the same period last year.

Deputy for Methodology and Statistical Information Pudji Ismartini explained that the increase was mainly triggered by an increase in crude oil imports of 67.49 percent and oil product imports which grew 87.76 percent year-on-year.

"Well, the increase in oil and gas imports of 82.52 percent is due to the increase in the value of crude oil imports, namely 67.49 percent," he said in a press conference, Tuesday, June 2.

According to Pudji, the three countries that became the main suppliers of crude oil to Indonesia during the period were Nigeria, Brazil, and Kazakhstan.

Meanwhile, he added that the largest import of oil products came from Malaysia, Singapore, and Egypt.

"The increase in the value of oil product imports by 87.76 percent with the countries of origin of imports being Malaysia, Singapore, and Egypt," he said.

Cumulatively, Indonesia's import value from January to April 2026 reached 86.51 billion US dollars, or increased by 13.40 percent compared to the same period in the previous year which was recorded at 76.29 billion US dollars.

The overall increase in imports was driven by the growth in oil and gas imports which reached 12.93 billion US dollars or an increase of 17.58 percent.

On the other hand, non-oil and gas imports were recorded at US$73.58 billion, an increase of 12.70 percent year-on-year.

"Then the value of non-oil and gas commodity imports increased by 12.70 percent in terms of c to c and this is the highest," he explained.

BPS also noted that the increase in non-oil and gas imports mainly came from the machinery and equipment group.

The commodity with the highest growth was machinery or mechanical equipment and parts (HS 84) which increased by 17.91 percent.

Furthermore, machinery and electrical equipment and components (HS 85) increased by 18.98 percent.

Meanwhile, imports of aircraft vehicles and parts (HS 88) recorded the highest spike, namely 516.83 percent compared to the same period last year.