Indonesia's Trade Balance Records Surplus Again in February 2025

The Central Statistics Agency (BPS) reported that Indonesia's trade balance recorded a surplus of US$3.12 billion in February 2025.

This surplus decreased by 10.75% month-to-month (mtm). However, year-on-year (yoy), it surged by 274% compared to February 2024.

"Thus, Indonesia's trade balance has recorded a surplus for 58 consecutive months, since May 2020," said BPS Head Amalia Adininggar Widyasanti in an online press conference on Monday (17/3/2025).

In February 2025, Indonesia's trade balance was supported by the non-oil and gas sector with a surplus of US$4.84 billion. Contributing commodities included vegetable and animal fats and oils; mineral fuels; and iron and steel.

However, this non-oil and gas surplus was reduced by an oil and gas trade deficit of US$1.72 billion. This deficit was contributed by crude oil and oil products.

Meanwhile, Indonesia's trade balance surplus in February 2025 mostly originated from transactions with the United States, amounting to US$1.57 billion. India contributed a surplus of US$1.26 billion, and the Philippines US$753.3 million.

On the other hand, the largest trade deficit came from transactions with China, amounting to US$1.75 billion. Australia contributed a deficit of US$428.6 million and Brazil US$168.1 million.

Cumulatively, during January-February 2025, the oil and gas sector experienced a deficit of US$3.15 billion, while the non-oil and gas sector had a surplus of US$9.76 billion. Therefore, Indonesia's trade balance for these two months showed a surplus of US$6.61 billion.