Indonesia’s Trade Balance Books $4.17 Billion Surplus in July, Extends 63-Month Streak
Main Takeaways
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JAKARTA, Investortrust.id — Statistics Indonesia reports Indonesia’s goods trade balance posts a $4.17 billion surplus in July 2025, equal to about Rp 68.6 trillion, on Monday, Sept 1, 2025 in Jakarta, driven by stronger non-oil shipments and extending a 63-month streak since May 2020.
Statistics Indonesia (BPS) said the July surplus was anchored by a non-oil-and-gas surplus of $5.75 billion, with the largest contributions coming from vegetable oils and fats, mineral fuels, and iron and steel. At the same time the oil-and-gas balance remained in deficit at $1.58 billion.
Non-Oil Exports Anchor the Headline Surplus
Total exports reached $24.75 billion, up 9.86% year on year, lifted by non-oil-and-gas exports that grew 12.83% to $23.81 billion.
The strongest gains came from vegetable oils and fats, which rose 82.72% and contributed 7.08 percentage points to non-oil export growth, followed by machinery and mechanical appliances that increased 69.02% with a 1.76-point contribution, and precious metals and jewelry that grew 47.41% with a 1.66-point contribution.
These dynamics underscored the breadth of manufacturing-led external demand despite uneven commodity prices.
By sector, agricultural exports expanded 15.68% to $0.58 billion (about Rp 15.5 trillion), while manufacturing exports climbed 21.98% to $20.53 billion (about Rp 338.6 trillion). Mining exports, however, contracted 28.35% to $2.70 billion (about Rp 44.6 trillion), reflecting softer prices and volume adjustments in extractive industries.
Imports Contract Overall as Capital-Goods Purchases Rise
Imports totaled $20.57 billion, down 5.86% from a year earlier. Both oil-and-gas and non-oil-and-gas imports declined on the year—oil-and-gas by 29.36% to $2.51 billion and non-oil-and-gas by 1.29% to $18.06 billion.
By usage, consumption-goods imports fell 2.47% to $2.03 billion and raw materials and intermediates fell 11.94% to $14.17 billion. In contrast, capital-goods imports increased 18.84% to $4.38 billion, hinting at ongoing investment and capacity build-out in the industrial base.
Cumulative Surplus Widens in the Year to July
For January–July 2025, the goods trade surplus reached $23.65 billion, widening by $7.4 billion from the same period last year. Over the same period, the oil-and-gas balance booked a $10.41 billion deficit, while the non-oil-and-gas balance recorded a $34.06 billion surplus.
This cumulative outcome reinforced the durability of Indonesia’s multi-year external surplus amid shifting global demand.
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