The current account improved primarily due to the stronger non-oil & gas trade balance as imports declined notably by 18.2 percent (y/y) amid curbed domestic demand. Meanwhile, exports of non-oil & gas experienced a less pronounced decline (11.0 percent y/y) due to falling commodity prices, and despite real export growth of 4.5 percent (y/y).

The oil & gas trade deficit remained relatively stable from the previous quarter as the decline in the gas trade surplus was offset by a decline in the oil trade deficit. Furthermore, Bank Indonesia stated that "a smaller services account deficit due to a decline in transportation services (freight) in line with fewer imports of goods as well as growing travel account surplus due to an increase in international visitors to Indonesia also buoyed current account performance."