Indonesia's Exports and Imports Increased Year-on-Year in April 2021

Indonesia's Central Bureau of Statistics (BPS) recorded export values reaching US$18.5 billion throughout April 2021. This figure represents a near 52% increase compared to the same month last year, which stood at US$12.2 billion.

Imports of oil and gas and non-oil and gas also saw a 29.93% year-on-year increase, rising from US$12.5 billion in April 2020 to US$16.3 billion last month. However, this value decreased by 2.98% compared to March 2021, which reached US$16.79 billion.

The higher export value compared to imports resulted in Indonesia's trade balance experiencing a surplus of US$2.1 billion in April 2021. This realization is higher than April 2020, which recorded a deficit of US$350 million. Furthermore, Indonesia's trade balance in April 2021 also increased compared to March 2021, which stood at US$1.6 billion.