InfoSAWIT, JAKARTA — Indonesia’s trade performance remained resilient in October 2025. Trade Minister Budi Santoso reported the country booked a surplus of US$ 2.39 billion, marking the 66th consecutive monthly surplus since May 2020. Cumulatively, the January–October surplus strengthened to US$ 35.88 billion.
“The October surplus of US$ 2.39 billion consisted of a non-oil and gas surplus of US$ 4.31 billion and an oil and gas deficit of US$ 1.92 billion,” Budi said on Wednesday (3/12/2025).
Non-oil and gas trade contributed US$ 51.51 billion to the 10-month surplus, offsetting a US$ 15.63 billion oil and gas deficit. The performance notably improved compared to the same period in 2024, when the surplus reached US$ 24.89 billion.
Key non-oil and gas export partners included:
• United States: US$ 17.40 billion
• India: US$ 11.37 billion
• Philippines: US$ 7.09 billion
Exports Supported by Higher-Value Goods
Indonesia’s October exports reached US$ 24.24 billion, down 1.79% month-on-month. Despite a monthly dip, cumulative exports for January–October grew 6.96% year-on-year to US$ 234.04 billion, driven by an 8.42% rise in non-oil exports.
Top-growing non-oil and gas commodities were:
• Aluminum and articles (HS 76): +68.45%
• Cocoa and derivatives (HS 18): +53.15%
• Miscellaneous chemical products (HS 38): +51.78%
Manufacturing Remains the Backbone
Processed industry products accounted for 80.25% of total exports, followed by mining (12.59%), oil & gas (4.67%), and agriculture (2.49%). Agriculture registered the highest growth at 28.56%.
China, the U.S., and India remained the biggest markets for Indonesian exports, absorbing 41.84% of non-oil exports.
The continued surplus and export growth underscore Indonesia’s strong trade fundamentals amid global uncertainty. (T2)
