Indonesia's non-oil and gas trade balance in April 2019 recorded a deficit of USD 1,01 billion and at the same time the oil and gas balance also experienced a deficit of USD 1,49 billion. This condition caused Indonesia's trade balance to record a deficit of USD 2,49 billion. The high deficit in April 2019 was caused by a combination of decreasing terms of trade or the ratio between the price of export commodities to imported commodities, decreasing export volumes and simultaneously increasing import volumes. Cumulatively, throughout January-April 2019 the non-oil and gas trade balance still recorded a surplus of USD 0,2 billion, but was unable to cover the oil and gas balance deficit of USD 2,77 billion.
This May edition of the Trade and Industry Brief provides a brief perspective on developments in Indonesia's exports and imports as of the end of April 2019, including developments in value, volume, price, product type and destination countries. This edition also provides a brief overview of national energy needs which cause the high need for oil and gas imports. Data and information are compiled from the Official News of BPS Statistics, Bank Indonesia Economic and Financial Statistics, ITC Trademap and various other sources.
