JAKARTA – Indonesia’s trade surplus in August 2024 of USD 2.89 billion dropped 6.96% year-on-year (yoy) from USD 3.11 billion seen in August 2023. The same trend was spotted in trade surplus from January-August (8M) 2024 compared to 8M 2023.

Based on Indonesia Statistics (BPS) data quoted Tuesday (17/9), non-oil and gas commodities in August 2024 was seen at surplus of USD 4.34 billion, whereas oil and gas saw a deficit of USD 1.44 billion. Total export of both non-oil & gas and oil & gas commodities in August 2024 was recorded at USD 21.96 billion, whereas the import reached USD 18.87 billion.

For comparison, in the same period last year, non-oil and gas commodities reported surplus of USD 4.45 billion, with oil and gas deficit at USD 1.34 billion. Total export at that time was USD 23.56 billion, compared to the import of USD 20.66 billion.

In 8M period, in January-August 2024, trade surplus also sank as far as 22.49% yoy to USD 18.84 billion from USD 24.31 billion seen in 8M 2023

Oil and gas was at deficit of USD 1.44 billion, offset by non-oil and gas surplus of USD 4.34 billion. Total export reached USD 23.56 billion, while total import clocked up to USD 20.66 billion. (LK/ZH)