JAKARTA - The Central Statistics Agency (BPS) reported that China was the country with the largest trade deficit for Indonesia, experiencing a trade deficit with China of 10.17 billion US dollars throughout January-May 2026.
BPS Distribution and Services Statistics Deputy Ateng Hartono said that overall, Indonesia's merchandise trade balance in May 2026 experienced a deficit of US$1.61 billion.
However, cumulatively, Indonesia's trade balance from January to May 2026 still recorded a surplus of US$4.03 billion.
According to Ateng, in the period January-May 2026, the United States became Indonesia's largest trade surplus contributor with a value of 7.03 billion US dollars, followed by India at 5.29 billion US dollars and the Philippines at 3.58 billion US dollars.
On the other hand, Ateng explained that China became the deepest deficit contributor with a value of 10.17 billion US dollars in the period January-May 2026.
"Meanwhile, the country with the deepest deficit contributor is China, with a deficit or minus 10.17 billion US dollars," he said in a press conference, Wednesday, July 1.
Besides China, Australia and Singapore also recorded a considerable trade deficit against Indonesia, respectively at US$3.99 billion and US$3.83 billion.
In the non-oil and gas trade group, the United States again became the largest contributor to the surplus with a value of 8.47 billion US dollars, followed by India at 5.34 billion US dollars and the Philippines at 3.42 billion US dollars.
Meanwhile, the deepest deficit in the non-oil and gas sector came from China at US$10.73 billion, followed by Australia at US$3.62 billion and France at US$1.29 billion.
In terms of exports, Indonesia's export value in May 2026 reached 23.20 billion US dollars, or down 5.73 percent year on year (yoy).
The decline occurred both in oil and gas exports and non-oil and gas exports, namely the value of oil and gas exports was recorded at US $760 million, down 31.76 percent, while non-oil and gas exports fell 4.50 percent to US $22.45 billion.
However, Indonesia's trade performance still shows positive growth where the cumulative export value throughout January-May 2026 reached 115.36 billion US dollars or increased by 3.02 percent compared to the same period last year.
The increase was supported by non-oil and gas exports which grew 3.89 percent to 110.19 billion US dollars. On the other hand, oil and gas exports fell 12.71 percent to 5.17 billion US dollars.
China is still the main destination for Indonesian non-oil and gas exports with a market share of 25.90 percent, followed by ASEAN at 20.08 percent, the United States at 11.56 percent, the European Union at 7.25 percent, India at 6.74 percent, and other countries and regions at 28.47 percent.
"The value of non-oil and gas exports to China reached US$ 28.54 trillion, mainly dominated by iron and steel or HS72 with a share of 26.02 percent and iron and steel in China decreased by 2.97 percent in situ," he said.
Meanwhile, non-oil and gas exports to the United States were recorded at US$12.73 billion, dominated by electrical machinery and equipment and parts, footwear, and clothing and accessories.
Meanwhile, non-oil and gas exports to India reached 7.43 billion US dollars with the main commodities being mineral fuels, animal and vegetable fats and oils, as well as electrical machinery and equipment and their components.
On the import side, Ateng added, Indonesia's import value in May 2026 reached 24.81 billion US dollars, an increase of 22.16 percent compared to May 2025.
The increase in imports occurred in both the oil and gas sector and non-oil and gas sectors, namely the value of oil and gas imports reached 4.51 billion US dollars or jumped 70.78 percent, while non-oil and gas imports increased by 14.89 percent to 20.30 billion US dollars.
However, Indonesia's import value from January to May 2026 reached 111.33 billion US dollars or increased by 15.24 percent compared to the same period last year.
The import of energy and mineral commodities was recorded at US$17.45 billion or an increase of 27.89 percent, while non-energy imports reached US$93.88 billion or an increase of 13.16 percent.
In addition, from January to May 2026, China is still the main country of origin of Indonesia's non-oil and gas imports with a share of 41.83 percent, ASEAN 14.88 percent, the European Union 6.59 percent, Japan 5.51 percent, Australia 5.35 percent, and other countries and regions 25.84 percent.
The value of non-oil and gas imports from China reached 39.27 billion US dollars, with the most imported products from the group of mechanical machinery and equipment (HS84) with a contribution of 22.24 percent to total imports from the country.
In addition, non-oil and gas imports from Japan were recorded at US$5.17 billion, dominated by mechanical machinery and equipment and parts, iron and steel, and vehicles and components.
Meanwhile, non-oil and gas imports from Australia reached 5.02 billion US dollars, mainly in the form of precious metals and jewelry, cereals, and mineral fuels.
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