US Leads Indonesia's Non-Oil and Gas Trade Surplus

Indonesia's trade performance in the first five months of 2026 shows resilience, with the United States leading as the largest non-oil and gas trade surplus contributor. The nation recorded a surplus of $16.31 billion in non-oil and gas exports, which successfully offset a $12.28 billion deficit in the oil and gas sector, resulting in a cumulative trade surplus of $4.03 billion.

Minister of Trade Budi Santoso highlighted that non-oil and gas trade remains the primary support for Indonesia's foreign trade, especially amidst global economic uncertainty. "Although the trade balance in May 2026 was in deficit, cumulatively Indonesia's trade performance still recorded a surplus. This proves that Indonesia's non-oil and gas trade performance remains strong amidst global challenges," Budi stated.

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Although the trade balance in May 2026 was in deficit, cumulatively Indonesia's trade performance still recorded a surplus. This proves that Indonesia's non-oil and gas trade performance remains strong amidst global challenges.

The United States contributed the largest non-oil and gas surplus with $8.47 billion, followed by India ($5.34 billion) and the Philippines ($3.42 billion). Key commodities driving this surplus include animal and vegetable fats and oils ($13.92 billion), mineral fuels ($10.88 billion), and iron and steel ($7.09 billion).

Looking ahead, the government aims to further expand export market access and increase the added value of national products. Non-oil and gas exports grew 3.89% year-on-year to $110.19 billion, while total exports rose 3.02% to $115.36 billion. The processing industry remains a major driver, with significant export growth in aluminum, nickel, and organic chemicals. Notable export growth was also seen in markets like Romania (409.78%), Hong Kong (34.01%), and Egypt (33.73%).

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Going forward, the government will continue to expand export market access and increase the added value of national products to maintain export performance.