Indonesia’s trade balance posted another surplus in November 2025, as reported by Statistics Indonesia (BPS). BPS Deputy for Distribution and Services Statistics Pudji Ismartini stated that the surplus reached USD 2.66 billion, equivalent to IDR 44.49 trillion (exchange rate of IDR 16,725 per USD), during the period. 

“Indonesia’s trade balance has recorded a surplus for 67 consecutive months since May 2020,” Pudji said during a press conference in Jakarta on January 5. 

BPS reported that export value during the period reached USD 22.52 billion, equivalent to IDR 376.65 trillion, while imports amounted to USD 19.86 billion or around IDR 332.02 trillion. “The November 2025 surplus was supported by a non-oil and gas commodity surplus of USD 4.64 billion, equivalent to IDR 77.6 trillion,” Pudji explained. 

The main contributing commodities were animal or vegetable fats and oils, iron and steel, as well as nickel and related products. 

At the same time, the trade balance for oil and gas commodities recorded a deficit of USD 1.98 billion, equivalent to IDR 33.12 trillion. “The commodities contributing to the deficit were crude oil and refined petroleum products,” she said. 

From January to November 2025, total export value reached USD 256.56 billion, or approximately IDR 4,290.97 trillion. This figure increased by 5.61% compared with the same period last year. 

Meanwhile, total imports reached USD 218.02 billion, equivalent to IDR 3,646.38 trillion, rising by 2.03% compared with the same period last year. 

Based on the cumulative export and import values, BPS recorded a trade balance surplus of USD 38.54 billion, or IDR 644.28 trillion, from January to November 2025. This cumulative surplus increased by USD 9.30 billion, or IDR 155.54 trillion, compared with the same period last year. 

The surplus during the first eleven months of 2025 was supported by a non-oil and gas surplus of USD 56.15 billion, while oil and gas commodities continued to post a deficit of USD 17.61 billion. 

For the total trade balance, including oil and gas as well as non-oil and gas, the three largest surplus-contributing countries were the United States at USD 16.54 billion and India at USD 12.06 billion. 

This article is published in partnership with Katadata 

Original article here