Indonesia recorded a significant trade surplus of USD 4.3 billion in May 2025, a sharp increase from April’s modest surplus of USD 160 million. According to Pudji Ismartini, Deputy for Distribution and Services Statistics at Indonesia’s Central Statistics Agency (BPS), this improvement was driven by strong non-oil and gas (non-oil & gas) export performance. Total exports in May reached USD 24.61 billion, while imports stood at USD 20.31 billion. This marked the 61st consecutive month of trade surplus since May 2020. The top contributions to the non-oil & gas surplus included mineral fuels (HS27), animal or vegetable fats and oils (HS15), and iron and steel (HS72).
On the other hand, the oil and gas sector continued to post a deficit, totaling USD 1.53 billion, mainly from crude oil and refined petroleum products. Cumulatively from January to May 2025, Indonesia recorded a trade surplus of USD 15.38 billion, up by USD 2.32 billion compared to the same period in 2024. The year-to-date surplus is largely due to the non-oil and gas sector having a deficit of USD 7.72 billion, highlighting the resilience of Indonesia’s export-driven economy.
