The Biggest In History! Indonesia Records A Trade Balance Surplus Of 7.56 Billion US Dollars

JAKARTA – The Central Statistics Agency (BPS) reported that in April 2022 there was a trade balance surplus of USD 7.56 billion.

Head of the BPS Margo Yuwono said that the book was due to the higher export value of USD 27.32 billion compared to imports which were valued at USD 19.76 billion.

"This trade balance surplus is the largest in history," he said when he met the media virtually on Tuesday, May 17.

According to Margo, the book broke the previous record surplus that occurred in October 2021 with a value of 5.74 billion US dollars.

"The trade balance surplus in April 2022 also extended the record surplus for 24 consecutive months," he said.

In detail, Margo explained that the surplus last month mainly came from the non-oil and gas sector of 9.94 billion US dollars. Meanwhile, in the oil and gas sector, there was a deficit of 2.38 billion US dollars.

Furthermore, exports in April 2022 were known to increase by 3.11 percent compared to exports in March 2022. Then when compared to April 2021, the export value rose by 47.76 percent.

Cumulatively, the value of Indonesia's exports from January to April 2022 reached 93.47 billion, an increase of 38.68 percent over the same period in 2021.

Meanwhile, the largest increase in exports came from mineral fuels, agricultural, forestry and fishery products, as well as mining products.

"China is Indonesia's main export destination, followed by the United States and Japan," he said.

In terms of imports, there was a decrease of 10.01 percent compared to the import value in March 2022 or an increase of 21.97 percent compared to the import value in April 2021.

"The main imports are for raw/auxiliary material commodities, capital materials, and finally consumer goods," concluded Margo.