Indonesia recorded a trade surplus of US$35.88 billion for the January–October 2025 period supported by strong non-oil and gas (nonmigas) performance despite a slight monthly decline in exports, according to the latest Berita Resmi Statistik issued by Badan Pusat Statistik (BPS).
Indonesia’s October 2025 export value reached US$24.24 billion, down 2.31% compared to the same month last year. Nonmigas exports fell marginally by 0.51% to US$23.34 billion. However, cumulative export performance remains solid, with January–October 2025 exports rising 6.96% to US$234.04 billion.
Nonmigas exports dominated with US$223.12 billion, an increase of 8.42% year-on-year. The only major commodity group experiencing a decline was mineral fuels, which fell by 20.25%, while the highest growth came from animal/vegetable fats and oils including palm oil up 31.93%.
Top Export Destinations
According to data China remained Indonesia’s largest export market, absorbing US$52.45 billion worth of nonmigas goods, followed by:
- United States: US$25.56 billion
- India: US$15.32 billion
Exports to ASEAN and the European Union (EU-27) contributed 19.24% and 7.35% respectively.
Sectors Driving Export Growth
Export growth was strongest in:
- Manufacturing: Up 15.75%, driven by electronics and palm oil
- Agriculture, forestry, fisheries: Up 28.56% due to rising coffee exports
Meanwhile, mining products fell sharply by 24.43%, mainly due to reduced coal shipments.
Indonesia’s October 2025 imports were valued at US$21.84 billion, down 1.15% from October 2024. However, nonmigas imports rose 3.26% to US$19.03 billion.
Cumulatively, imports climbed 2.19% to US$198.16 billion for the January–October period.
Notably:
- Nonmigas imports increased 4.95% to US$171.61 billion
- Migas imports dropped 12.67%, pressured by lower crude oil and refined fuel import volumes
Largest Import Partners
- China continued as the dominant supplier with US$70.19 billion (40.9% of all nonmigas imports)
- Followed by Japan (US$12.17 billion) and the United States (US$8.17 billion)
Imports from ASEAN accounted for 15.71%, and from the EU for 5.82%.
Trade Surplus Strengthens Despite Oil and Gas Deficit
Indonesia’s trade surplus of US$35.88 billion from January–October 2025 is driven entirely by the nonmigas sector, which generated a surplus of US$51.51 billion. The migas sector posted a US$15.63 billion deficit over the same period.
In October alone, Indonesia recorded a surplus of US$2.39 billion, supported by a US$4.31 billion surplus in nonmigas trade, although migas trade remained in deficit at US$1.92 billion.
Provincial Export Contributions
Data shows that three provinces accounted for 32.61% of Indonesia’s total exports:
- West Java: US$32.25 billion (13.78%)
- East Java: US$24.46 billion (10.45%)
- Riau Islands: US$19.61 billion (8.38%)
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
