Trade Minister: Indonesia's Trade Balance Surplus Is The Highest To The US, Before The Resipprocal Tariff Applies

Minister of Trade Budi Santoso. (Photo: ANTARA)

JAKARTA - Trade Minister Budi Santoso reported that Indonesia's total trade balance surplus was recorded at 19.48 billion US dollars during the first semester of 2025.

Of this total, continued Budi, US$9.92 billion came from a trade surplus with Uncle Sam's country. This figure is the highest contributor to Indonesia's total trade surplus in that period.

"If we look at our trading partners or our highest surplus is to America, which is to contribute the highest surplus until the first semester of 9.92 billion US dollars," Budi said at a press conference at the Indonesia Trade Performance Semester I-2025 at the Ministry of Trade office, Jakarta, Monday, August 4.

For your information, the total trade value of the Republic of Indonesia-US which reached 19.65 billion US dollars in the first semester of 2025. In detail, Indonesia's exports of products to the US reached 14.79 billion US dollars. Meanwhile, the imports amounted to 4.87 billion US dollars.

Budi said the trade balance surplus with the US indicates that Indonesian goods still have competitiveness.

Therefore, he also hopes that export performance will remain positive after the US reciprocal rate takes effect.

"Even though this has not been applied, the resprocal rate is yes, so later we will continue to push and we will certainly try after the implementation of the ktia export reciprocal rate continues to increase," he said.

Previously, the Central Statistics Agency (BPS) noted that Indonesia's trade balance was still experiencing a surplus. In June 2025, the figure reached 4.10 billion US dollars.

Surplus neraca perdagangan RI di Juni 2025 ini memperpanjang tren positif. Tercatat, neraca dagang Indonesia telah menorehkan surplus dalam 62 bulan berturut-turut.

Mengutip data BPS, surplus bulan Juni ini ditopang oleh surplus komoditas non migas sebesar 5,22 miliar dolar AS.

Komoditas penyumbang surplus utama adalah lemak dan minyak hewani dan nabati (HS 15), bahan bakar mineral (HS 27) serta besi dan baja (HS 72).

Sementara neraca perdagangan migas tercatat defisit 1,11 miliar dolar AS dengan komoditas penyumbang defisit adalah minyak mentah dan hasil minyak.

The Indonesia trade balance surplus in June 2025 has extended its positive trend. It is noted that Indonesia's trade balance has recorded a surplus in 62 consecutive months.

Citing BPS data, this June surplus was supported by a non-oil and gas commodity surplus of 5.22 billion US dollars.

The main surplus contributor commodities are animal and vegetable fat and oil (HS 15), mineral fuel (HS 27) and iron and steel (HS 72).

Meanwhile, the oil and gas trade balance recorded a deficit of 1.11 billion US dollars with commodities contributing to the deficit being crude oil and oil products.