Indonesia's Trade Balance June 2026 Deficit of 450 Million US Dollars, Pressured by a Surge in Imports

Trade balance (between)

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's merchandise trade balance performance recorded a deficit of US$450 million in June 2026 or decreased compared to the previous month which also recorded a deficit of US$1.61 billion in May 2026.

Meanwhile, in May 2026, Indonesia's trade balance recorded a deficit for the first time after recording a surplus for 72 consecutive months since May 2020, and lastly, Indonesia's trade balance recorded a surplus in April 2026 of 89.1 million US dollars.

BPS Distribution and Services Statistics Deputy Ateng Hartono explained that the trade balance deficit in June was mainly influenced by the performance of the oil and gas sector (migas) which recorded a deficit of US$ 3.49 billion with commodities that contributed the most to the deficit being oil and crude oil.

"At the same time, the non-oil and gas trade balance was a surplus of US$3.04 billion with commodities contributing to the surplus, mainly from animal/vegetable fats and oils, mineral fuels, and iron and steel," he said in a press conference, Monday, August 3.

In terms of exports, Indonesia's export value in June 2026 reached 25.46 billion US dollars, or increased by 8.84 percent compared to the same period last year of 23.39 billion US dollars. This achievement is also higher than the May 2026 exports which were recorded at 23.2 billion US dollars.

Oil and gas exports in June 2026 were recorded at US$1.07 billion, down 3.78 percent year-on-year. Meanwhile, non-oil and gas exports increased 9.46 percent to US$24.39 billion.

"The increase in the value of exports in June 2026 on an annual basis is mainly driven by an increase in the value of non-oil and gas exports, namely in several commodities. This is mainly mineral fuel commodities which increased in value by 49.67 percent, and volume by 15.34 percent," he said.

Nickel and nickel goods exports also increased by 69.30 percent in value, although the volume decreased by 12.14 percent. Meanwhile, exports of animal or vegetable fats and oils increased by 10.45 percent in value, although the volume decreased by 7.09 percent.

On the other hand, Indonesia's import value in June 2026 reached 25.91 billion US dollars or increased by 34.27 percent compared to June 2025.

Ateng said the increase occurred both in energy and non-energy imports.

"The value of oil and gas imports is US $4.56 billion or an increase of 105.15 percent year-on-year. Meanwhile, non-oil and gas imports worth US $21.35 billion experienced an annual increase of 25.05 percent," he said.

According to Ateng, the annual increase in import value was mainly driven by an increase in non-oil and gas imports with a contribution of 22.17 percent to the increase in non-oil and gas imports.

Based on the type of use, all groups of imported goods recorded annual growth. Imports of consumer goods increased by 17.46 percent.

Meanwhile, imports of raw materials and auxiliary goods, which are the main contributors, increased by 38.94 percent with a contribution of 26.94 percent to import growth. Meanwhile, capital goods imports grew 26.53 percent year-on-year.

Although the trade balance recorded a deficit in June, cumulatively for the period January-June 2026 Indonesia still recorded a surplus of 3.58 billion US dollars.

The surplus was derived from the non-oil and gas trade balance of 19.35 billion US dollars, while the oil and gas sector still experienced a deficit of 15.77 billion US dollars.

Throughout January-June 2026, Indonesia's total exports reached 140.81 billion US dollars, an increase of 4.13 percent compared to the same period last year which was 135.23 billion US dollars.

Non-oil and gas exports cumulatively recorded US$ 134.58 billion or grew 4.90 percent, while oil and gas exports reached US$ 6.23 billion or fell 10.11 percent.

In the same period, Indonesia's total imports reached 137.24 billion US dollars or increased 18.69 percent compared to the same period last year which was 115.63 billion US dollars.

The import of energy and mineral commodities was recorded at US$ 22 billion, up 38.71 percent, while non-energy imports reached US$ 115.23 billion or grew 15.50 percent.