Indonesia's Trade Surplus Increased in January 2025

The Central Statistics Agency (BPS) reported that Indonesia's trade balance recorded a surplus of US$3.45 billion in January 2025.

This achievement grew by 54.08% compared to December 2024 (month-to-month/mtm), and surged by 72.71% compared to January 2024 (year-on-year/yoy).

"Thus, Indonesia's trade balance has recorded a surplus for 57 consecutive months, since May 2020," said the Acting Head of BPS, Amalia Adininggar Widyasanti, in a press conference on Monday (17/1/2025).

In January 2025, Indonesia's trade balance was supported by the non-oil and gas sector with a surplus of US$4.88 billion. Contributing commodities included mineral fuels, animal and vegetable fats and oils, and iron and steel.

However, the early-year surplus was reduced by a trade deficit in the oil and gas sector of US$1.43 billion. This deficit was contributed by oil products and crude oil commodities.

Meanwhile, Indonesia's trade surplus in January 2025 originated mostly from transactions with the United States, amounting to US$1.57 billion. India contributed a surplus of US$772.3 million, and the Philippines US$729.1 million.

The largest trade deficit came from transactions with China, valued at US$1.77 billion. This was followed by Australia, contributing a deficit of US$185.2 million, and Ecuador US$133.6 million.