Indonesia’s trade surplus increased to US$2.09 billion in May 2020 from US$0.22 billion surplus in the same month of the previous year amid the COVID-19 pandemic. Exports plunged 28.95% over a year earlier to US$10.53 billion, mainly due to lower sales of both oil and gas (-42.64%) and non-oil and gas products (-27.81%). Imports slumped 42.20% over a year earlier to US$8.44 billion, as purchases of oil and gas plunged (-69.87%) while those of non-oil and gas tumbled (-37.34%). Considering the first five months of the year, the trade posted a surplus of US$4.31 billion, shifting from a US$2.68 billion gap in the same period 2019.
