Indonesia recorded a trade surplus of USD 4.42 billion in November 2024, marking 55 consecutive months of surplus since May 2020. Cumulatively, from January to November 2024, the surplus reached USD 28.86 billion. During this period, Indonesia's monthly export growth averaged 1.86%, while total export performance for 2024 rose 2.06% compared to 2023. Over the past five years (2019–2023), export growth has maintained an impressive average annual increase of 15.6%. Minister of Trade Budi Santoso expressed optimism that Indonesia's trade performance targets for December 2024 would be achieved. He made these remarks during the press conference "2024 Trade Ministry Performance Achievements and 2025 Work Program" held in Jakarta on January 6.

From January to November 2024, Indonesia's total exports amounted to USD 241.25 billion, comprising oil and gas exports of USD 14.34 billion and non-oil and gas exports of USD 226.91 billion. Non-oil and gas exports were dominated by the manufacturing sector, which contributed 78.86% of the total non-oil and gas exports, reflecting the government’s success in adding value to domestic products. The top five non-oil and gas export commodities included mineral fuels (USD 36.08 billion, 15.9% contribution), followed by animal/vegetable fats and oils, iron and steel, electrical machinery, and vehicles and parts. The primary destinations for Indonesia's non-oil and gas exports during this period were China, the United States, India, Japan, and Malaysia.

Source: https://www.niaga.asia/neraca-pedagangan-surplus-55-bulan-terus-berlanjut/