Indonesia’s trade deficit shrank in June 2026 as a rise in non-oil and gas exports helped counterbalance a sharp increase in imports. This development indicates a partial recovery in the country’s external balance, reflecting improving export performance.
UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen highlighted this trend in their assessment of Indonesia’s latest trade data, as reported by FX Street. They noted that stronger non-oil and gas exports were key in narrowing the trade gap despite ongoing rapid import growth.
For Japanese investors and markets, these dynamics are relevant given Indonesia’s role in regional supply chains and commodity exports, which can influence FX and equity movements related to Southeast Asia.