The Central Statistics Agency (BPS) stated that the trade balance in December 2024, which had a surplus of USD 2.24 billion, confirmed Indonesia's trade performance which has continued to experience profits for 56 consecutive months since May 2020. Acting Head of BPS Amalia Adininggar Widyasanti, explained that the trade balance surplus figure in December 2024 came from total exports reaching USD 23.46 billion, and imports of USD 21.22 billion. This means that Indonesia's trade balance has recorded a monthly surplus for 56 consecutive months since May 2020. According to her, the surplus obtained was supported by the performance of the non-oil and gas sector in the form of processing mineral fuels, animal and vegetable fats and oils, and the iron and steel sector. From non-oil and gas sector trade transactions, the income obtained by the country was actually higher, namely USD 4 billion, but was reduced by the oil and gas sector trade deficit of USD 1.76 billion.
When it was compared on a monthly basis (month to month), the surplus obtained in that period fell by USD 2.13 billion, while on an annual basis (year on year) it also decreased by USD 1.05 billion. Furthermore, if drawn in a one-year period, Indonesia's trade profit in 2024 reached USD 31.04 billion, consisting of exports of USD 264.7 billion, and imports of USD 233.66 billion. In 2020, which was the year Indonesia's consistent surplus began, the country's trade profit was USD 21.62 billion, in 2021 it was USD 35.42 billion, in 2022 it was USD 54.24 billion, and in 2023 it was USD 36.89 billion. The countries that provided the largest trade surplus to Indonesia in 2024 were the United States, India, and the Philippines, which were dominated by exports of machinery and equipment, oil and gas, textiles, footwear, iron and steel, and processed food and beverages.
