Indonesia's Trade Balance Recorded Surplus With US, While Deficit With China
JAKARTA - The Central Statistics Agency (BPS) recorded that in January 2025 Indonesia's trade balance recorded a surplus of US$3.45 billion, an increase of US$1.21 billion on a monthly basis and an increase of US$1.45 billion compared to the same period last year.
Acting Head of BPS Amalia Adininggar Widyasanti said that in January 2025 Indonesia recorded a trade balance surplus with the United States (US), India, and the Philippines.
Meanwhile, China, Australia, and Ecuador experienced the deepest deficit in the same period. This means that Indonesia imports more than exports.
Amalia explained that Indonesia's trade balance surplus with the US reached 1.57 billion US dollars in January 2025.
"With the US it is driven by electrical machinery and equipment as well as its parts (HS 85), clothing and accessories (knitting) (HS 61), and footwear (HS 64)," he said at a press conference, Monday, February 17.
Furthermore, India recorded a trade balance surplus of US$772.3 million with the main contributor commodity, namely mineral fuel (HS 27), inorganic chemical fuel (HS 28), and animal/nabati fat and oil (HS 15).
Furthermore, the Philippines recorded a surplus of USD 729.1 billion with the main contributors, namely vehicles and their parts (HS 87), mineral fuel (HS 27), and vegetable/animal fats and oils (HS 15).
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Meanwhile, the trade balance deficit with China reached USD 1.77 billion with commodities contributing to the deepest deficit, namely machinery and mechanical equipment and parts (HS 84), electronic machinery and equipment and parts (HS 85), as well as plastic and plastic goods (HS 39).
Then, with Australia recording a trade balance deficit of US$185.2 million with commodities contributing to the deficit, namely serelia (HS 10), precious metals and jewelry/eyes (HS 71), and mineral fuel (HS 27).
Furthermore, the trade balance deficit with Ecuador reached 133.8 million US dollars with commodities contributing to the deficit, namely cocoa and its processed cocoa (HS 18), tobacco and cigarettes (HS 24), metal ore, terak, and ash (HS 26).