The trade surplus has occurred for 25 consecutive months.
Jakarta (ANTARA) - Indonesia's trade balance in May 2022 recorded a surplus of US$2.90 billion, with exports valued at US$21.51 billion and imports reaching US$18.61 billion, according to Statistics Indonesia (BPS).

“The trade surplus has occurred for 25 consecutive months," deputy for distribution statistics and services at BPS, Setianto, said at a press conference here on Wednesday.

The surplus from trade transactions in the non-oil and gas sector was recorded at US$4.75 billion. Meanwhile, the trade deficit in the oil and gas sector declined by US$1.86 billion.

The non-oil and gas commodities that contributed the most to the surplus in May 2022 were mineral fuels, iron and steel, as well as vegetable fats and animal oils.

In May, Indonesia clocked the largest trade surplus with three countries, namely India, the United States, and the Philippines.

The largest surplus of US$1.5 billion was contributed by Indonesia's trade with India, with mineral fuels and chemical products being the main commodities traded.

The second-largest surplus of US$1.2 billion was contributed by Indonesia's trade with the United States, with machinery and electrical equipment and parts, and accessories or knitting serving as the main trade commodities.

Meanwhile, Indonesia’s trade surplus with the Philippines reached US$833.6 million, with mineral fuels and vehicles and parts being the main commodities traded.

However, Indonesia's trade also experienced a deficit with several countries. The nation recorded a deficit of US$535.5 million in its trade with Australia, with mineral fuels, precious metals, and jewelry or gems serving as the main commodities traded.

Indonesia’s trade deficit with China reached US$479.8 million, with electrical machinery and equipment and their parts contributing the most to the deficit.

Trade with neighboring Thailand also experienced a deficit of US$331.9 million, with the main commodities contributing to the deficit being sugar, confectionery, plastics and plastic goods.

Cumulatively, Indonesia's trade balance in January–December 2022 experienced a surplus of US$19.79 billion, with total exports of US$114.91 billion and imports of US$95.18 billion.

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Translator: Sella PG, Fardah
Editor: Suharto
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