Indonesia’s trade deficit declined to US$0.35 billion in April 2020 from US$2.29 billion gap in the same month of the previous year. It was the first trade gap since January, as exports and imports continued to fall as the COVID-19 pandemic disrupts global trade. Exports declined 7.02% over a year earlier to US$12.19 billion, mainly due to lower sales of both oil and gas (-17.70%) and non-oil and gas products (-6.38%).
Imports dropped 18.58% over a year earlier to US$12.54 billion, as purchases of oil and gas plunged (-61.78%) while those of non-oil and gas declined (-11.24%). Considering the first four months of the year, the trade posted a surplus of US$2.25 billion, shifting from a US$2.35 billion gap in the same period 2019.
