Indonesia Records US$450 Million Trade Deficit in June 2026

Indonesia's trade balance showed a deficit of US$450 million in June 2026, a marked improvement from the US$1.61 billion deficit recorded in May. The Central Statistics Agency (BPS) reported that this narrowing deficit was largely influenced by the performance of the oil and gas sector, which experienced a shortfall of US$3.49 billion.

Ateng Hartono, BPS Deputy for Distribution and Services Statistics, explained that the June deficit was primarily caused by refined oil products and crude oil. However, Indonesia's non-oil and gas sector countered this with a surplus of US$3.04 billion. Key contributors to this surplus included exports of animal and vegetable fats and oils, mineral fuels, and iron and steel products.

Looking at overall trade figures, Indonesia's exports in June 2026 reached US$25.46 billion, an increase of 8.84 percent compared to the same month in the previous year. Non-oil and gas exports saw a significant annual rise of 9.46 percent, totaling US$24.39 billion. Imports, however, rose more sharply by 34.27 percent year-on-year to US$25.91 billion in June 2026. Oil and gas imports, in particular, surged by 105.15 percent.

Despite the monthly deficit, Indonesia has maintained a positive trade balance for the first half of 2026, accumulating a surplus of US$3.58 billion. This overall surplus was driven by the robust performance of the non-oil and gas sector, which generated a positive balance of US$19.35 billion, though this was partially offset by a US$15.77 billion deficit in the oil and gas sector during the same period.

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The deficit in June 2026 was primarily caused by the oil and gas commodity group, particularly refined oil products and crude oil.