Indonesia's Trade Balance Remains in Surplus in July 2025, Setting a Record 63 Consecutive Months

The Central Statistics Agency (BPS) reported that Indonesia recorded a trade surplus of US$4.17 billion in July 2025.

This surplus increased by 1.70% month-to-month (mtm). Year-on-year (yoy), it surged by 521.79% compared to July 2024.

"Indonesia's trade balance has recorded a surplus for 63 consecutive months, since May 2020," said BPS Deputy for Distribution and Service Statistics, Pudji Ismartini, in an online press conference on Monday (September 1, 2025).

In July 2025, Indonesia's trade balance was supported by the non-oil and gas sector, which had a surplus of US$5.74 billion. Contributing commodities included animal and vegetable fats and oils (HS 15); mineral fuels (HS 27); and iron and steel (HS 72).

However, this non-oil and gas surplus was reduced by an oil and gas trade deficit of US$1.57 billion. This deficit was contributed by oil products and crude oil commodities.

Cumulatively, from January to July 2025, the oil and gas sector experienced a deficit of US$10.41 billion, while the non-oil and gas sector had a surplus of US$34.06 billion. Therefore, Indonesia's trade balance had a surplus of US$23.65 billion by the middle of the year.

Indonesia's trade surplus from January to July 2025 originated mostly from transactions with the United States, amounting to US$10.49 billion. This was followed by India, contributing a surplus of US$8.09 billion, and the Philippines with US$5.11 billion.

Meanwhile, the largest trade deficit came from transactions with China, valued at US$12.07 billion. Singapore contributed a deficit of US$3.41 million and Australia US$3.16 million.