Indonesia's Trade Balance Surplus Is Estimated To Drop To 3.2 Billion US Dollars In September 2025

Illustration of the Trade Balance (Photo: Antara)

JAKARTA - Bank Mandiri's Head of Economist Andry Asmoro estimates Indonesia's trade balance surplus in September 2025 will only reach US$3.2 billion, or a decrease compared to August 2025 of US$5.5 billion.

"The lower trading surplus in September 2025 was due to an increase in monthly imports, while exports decreased monthly," he said in his statement, quoted on Sunday, November 2.

As for year-on-year (YoY), exports are estimated to grow 7.3 percent, up from the achievement of August 2025 of 5.8 percent (YoY). However, when compared monthly (month to month/MtM), exports are predicted to decrease by 4.8 percent.

Andry explained that the solid annual export growth was supported by increased shipments in the manufacturing and agricultural sectors.

On the other hand, imports are estimated to increase by 8.6 percent (YoY) and grow 5.8 percent (MtM) in September 2025, mainly due to a surge in non-oil and gas imports.

Furthermore, Andry revealed that trade data from Indonesia's main partners showed imports from China, which were dominated by engines, electrical equipment, and motorized vehicles, increased by 17.1 percent (YoY), but experienced a contraction of 2.3 percent (MtM).

Meanwhile, imports from SingapMtM, which consist mostly of oil products, fell 7.1 percent (YoY), but rose quite significantly 12.7 percent (MtM).