On 3 September 2025, Minister of Trade Budi Santoso announced that Indonesia's trade balance for January-July 2025 showed a cumulative surplus of USD 23.65 billion. This value increased significantly compared to the same period in 2024, which was USD 16.25 billion. The Minister attributed the increase to a surge in the non-oil and gas surplus to USD 34.06 billion from USD 28.49 billion in the same period of 2024. The surge was driven by trade with key partners including the United States (USD 12.13 billion), India (USD 8.13 billion) and the Philippines (USD 5.07 billion). Meanwhile, in July 2025, the trade surplus amounted to USD 4.17 billion. This marks 63 consecutive months of surplus since May 2020. When compared to the USD 4.10 billion surplus in June 2025, Indonesia's trade balance surplus has consistently recorded high values (MoM).
Between January and July 2025, Indonesia's total exports reached USD 160.16 billion, marking a significant 8.03% increase compared to the same period last year (CtC). This growth in exports was supported by non-oil and gas exports, which increased by 9.55% to USD 152.20 billion (CtC). The top contributors to non-oil and gas exports were the manufacturing sector (84.19%), followed by mining and others (13.21%) and agriculture (2.60%). The primary non-oil and gas export markets were China, the US, and India. In terms of the highest cumulative increases in export destinations, Switzerland (147.12%), Egypt (48.31%), Thailand (40.81%), Bangladesh (39.13%) and Brazil (37.5%) were the most significant. Meanwhile, cumulatively, Indonesia's imports in January-July 2025 reached USD 136.51 billion, growing by 3.41% (CtC). This increase was driven by non-oil and gas imports, which rose by 6.97% to USD 118.13 billion compared to January-July 2024. Imports are dominated by raw or auxiliary materials, accounting for 71.00% of the total, followed by capital goods (20.05%) and consumer goods (8.94%). Based on country of origin, non-oil and gas imports were primarily sourced from China, Japan, and the US. Meanwhile, countries with the highest increases in imports were Ecuador (135.25%), the United Arab Emirates (79.10%), and Canada (33.43%).
