Indonesia's Trade Surplus in Gas Declines Over the Past Decade

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Viva Budy Kusnandar 29/07/2022 11:10 WIB

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The limited production from aging wells, coupled with increasing domestic demand, has resulted in a shrinking national gas trade balance.

Indonesia's Natural Gas Trade Balance (2011-2021)

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Indonesia's Natural Gas Trade Balance (2011-2021)

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Indonesia's natural gas trade surplus shows a declining trend from 2011 to 2021, as seen in the graph.

Limited gas production from aging wells, coupled with increasing domestic demand, has caused the national gas trade balance to shrink.

Based on data from the Central Statistics Agency (BPS), in 2021 Indonesia's natural gas exports increased by 38.11% (year-on-year/yoy) to US$7.45 billion. Meanwhile, gas imports also surged by 58.52% (yoy) to US$4.09 billion.

As a result, the national natural gas trade surplus in 2021 reached US$3.36 billion, growing by 19.41% (yoy) compared to the 2020 surplus of US$2.16 billion.

Despite this growth, the value has fallen significantly compared to 2011, when Indonesia's gas trade surplus reached US$21.46 billion. Since then, the surplus has shown a downward trend, reaching its lowest level of US$2.28 billion in 2020.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."