JAKARTA – Trade surplus of Indonesia in the first half (H1) of 2024 shrank 22.43% year-on-year (yoy) compared to H1 2023. It is affected by the increased deficit in oil and gas sector to USD 10.10 billion from USD 8.80 billion.

Based on Statistics Indonesia (lit. Badan Pusat Statistik/BPS) data quoted today (16/7), the trade surplus from January to June 2024 was accumulated to USD 15.44 billion, in which oil and gas trade deficit was recorded at USD 10.10 billion, while non-oil and gas trade surplus was USD 25.55 billion.

For comparison, in H1 2023, trade surplus reached USD 19.91 billion, consisting of oil and gas trade deficit of USD 8.80 billion and non-oil and gas trade surplus of USD 28.71 billion.

In the meantime, trade surplus in June 2024 alone was USD 2.38 billion, consisting of minus USD 2.03 billion from oil and gas sector and USD 4.42 billion from non-oil and gas sector.

For comparison, in June 2023 alone, trade surplus was USD 3.44 billion, with minus USD 962.6 million from oil and gas sector and USD 4.41 billion of surplus from non-oil and gas sector. (LK/ZH)