Jakarta –
Indonesia’s trade balance in May 2020 recorded a surplus of US$ 2.9 billion. The Central Statistics Agency (BPS) stated that this figure was lower than the surplus in the previous month of US$ 7.56 billion.
Deputy for Distribution Statistics and Services at BPS Setianto said that the surplus was caused by several commodities of mineral fuel, iron and steel as well as animal and vegetable oils fats.
“May’s biggest surplus was due to exports of mineral fuels which reached US$ 4.8 billion, animal/vegetable fats and oils of US$ 844.5 million and metal ore, slag and ash of US$ 739.3 million,” he said in a statement. press conference, Wednesday (15/6/2022).
Setianto said the surplus obtained from trade transactions in the non-oil and gas sector was higher at US$ 4.75 billion, but was reduced by a trade deficit in the oil and gas sector of US$ 1.86 billion.
In addition, for the January-May 2022 period, the non-oil sector has a deficit of US$9.56 billion. There was still a surplus in the non-oil and gas sector of US$ 29.35 billion, bringing the total surplus to US$ 19.79 billion.
Trade Balance Surplus 25 consecutive months
Setianto said that Indonesia’s export value in May was US$ 21.51 billion, down 21.29 percent compared to April 2022. Compared to May 2021, it rose 27 percent.
Meanwhile, Indonesia’s import value in May 2022 was US$ 18.61 billion. Import values in May fell 5.81% m/m, but rose 30.74% y/o.
“The trade balance in May 2022 still recorded a surplus of US$ 2.90 billion. However, this condition is still decreasing when compared to the previous month or April 2022 which was a surplus of US$ 7.56 billion,” said Setianto.
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