Indonesia Balanza Comercial

Indonesia’s trade surplus widened to USD 4.11 billion in June 2025, up from USD 2.39 billion in the same month a year earlier and surpassing market expectations of a USD 3.55 billion surplus. Exports grew 11.29% year-on-year, softer than the forecasted 12.2% increase but accelerating from a 9.68% gain in May, as factories rushed to ship goods ahead of the US tariff deadline in August. Last month, the US and Indonesia reached a trade deal under which Indonesia agreed to pay a reciprocal tariff rate of 19%, lower than the previously threatened 32%. Meanwhile, imports rose 4.28%, below expectations of 6.5% growth and following a 4.14% increase in May. This marked the fifth consecutive month of import growth, driven by a 12.07% rise in non-oil and gas imports. For the first half of 2025, Indonesia posted a trade surplus of USD 19.48 billion, with exports and imports rising 7.70% and 5.25%, respectively.