Indonesia's Trade Balance Remains in Surplus Until March 2025

According to the Central Bureau of Statistics (BPS) report, Indonesia achieved a trade surplus of US$4.33 billion in March 2025.

This surplus increased by 39.86% compared to the previous month (month-to-month/mtm). However, it decreased by 5.40% compared to March of the previous year (year-on-year/yoy).

"Thus, Indonesia's trade balance has recorded a surplus for 59 consecutive months since May 2020," said BPS Head Amalia Adininggar Widyasanti in a press conference on Monday (21/4/2025).

In March 2025, Indonesia's trade balance was supported by the non-oil and gas sector, which had a surplus of US$6 billion. Contributing commodities included animal and vegetable 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$1.67 billion. This deficit was contributed by oil products and crude oil.

Indonesia's trade surplus in March 2025 originated mostly from transactions with the United States (US) with a value of US$1.98 billion. India contributed a surplus of US$1.04 billion, and the Philippines US$714.1 million.

On the other hand, the largest trade deficit came from transactions with China, valued at US$1.11 billion. Australia contributed a deficit of US$353.2 million and Thailand US$195.4 million.

Cumulatively, during January-March 2025, the oil and gas sector experienced a deficit of US$4.84 billion, while the non-oil and gas sector had a surplus of US$15.76 billion.

Therefore, in these three months, Indonesia's trade balance had a surplus of US$10.92 billion.