Indonesia's Trade Balance Surplus Continues to Rise until August 2025

The Central Statistics Agency (BPS) reported that Indonesia recorded a trade balance surplus of US$5.48 billion in August 2025.

This surplus surged by 31.49% from the previous month (month-to-month/mtm). Similarly, on an annual basis, it grew by 99.18% compared to August 2024 (year-on-year/yoy). The value of Indonesia's trade balance surplus for this period became the highest record since November 2022.

"Indonesia's trade balance has recorded a surplus for 64 consecutive months since May 2020," said M. Habibullah, Deputy for Production Statistics at BPS, during an online press conference on Wednesday (October 1, 2025).

In August 2025, Indonesia's trade balance was supported by the non-oil and gas sector, which recorded a surplus of US$7.15 billion. Contributing commodities included animal/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$1.66 billion. This deficit was contributed by petroleum products and crude oil commodities.

Cumulatively, from January to August 2025, the oil and gas sector experienced a deficit of US$12.07 billion, while the non-oil and gas sector recorded a surplus of US$41.21 billion. Thus, up to the ninth month of this year, Indonesia's trade balance had a surplus of US$29.14 billion.

The largest portion of Indonesia's trade balance surplus from January to August 2025 originated from transactions with the United States, amounting to US$12.20 billion. This was followed by India, contributing a surplus of US$9.43 billion, and the Philippines with US$5.85 billion.

Meanwhile, the largest trade deficit came from transactions with China, valued at US$13.09 billion. Singapore contributed a deficit of US$3.55 million, and Australia US$3.49 million.