InfoSAWIT, JAKARTA – Indonesia recorded a trade surplus in February 2025, extending its surplus streak to 58 consecutive months since May 2020. Trade Minister Budi Santoso revealed that the trade surplus for this month reached USD 3.12 billion, slightly lower than the USD 3.49 billion surplus in January 2025.

"Cumulatively, Indonesia's trade surplus for the January to February 2025 period reached USD 6.61 billion, more than double compared to the same period last year, which was only USD 2.83 billion," said Minister Budi Santoso in a written statement quoted by InfoSAWIT on March 21, 2025.

This trade surplus was driven by the non-oil and gas sector, which recorded a figure of USD 4.84 billion, while the oil and gas sector experienced a deficit of USD 1.72 billion. Major trading partners contributing significantly to the non-oil and gas surplus include the United States (USD 1.57 billion), India (USD 1.27 billion), the Philippines (USD 0.75 billion), Vietnam (USD 0.50 billion), and Malaysia (USD 0.49 billion).

Non-Oil and Gas Exports Increase in February 2025

Indonesia's export performance also showed improvement in February 2025. The total export value reached USD 21.98 billion, up 2.58% compared to the previous month and an increase of 14.05% compared to February 2024. This increase was driven by a 2.29% rise in non-oil and gas exports and an 8.25% surge in oil and gas exports.

"The contribution of the industrial sector to exports was the highest, reaching 84.69% of total non-oil and gas exports, up from 83.97% in January 2025," explained Minister Budi Santoso. The mining sector contributed 12.60%, while the agricultural sector accounted for 2.71% of total exports.

Several leading products that recorded the highest export increases include machinery and mechanical equipment (HS 84), which surged by 37.85%, animal and vegetable fats and oils (HS 15) increased by 37.04%, processed food (HS 21) rose by 20.30%, and jewelry and precious metals (HS 71) grew by 16.45%.

In terms of export destinations, China, the United States, and India remain the primary markets for Indonesia, with export values reaching USD 8.29 billion, contributing 39.79% to total national non-oil and gas exports. Meanwhile, countries with the highest monthly export growth include Pakistan (69.09%), Spain (67.98%), Canada (48.78%), Australia (46.73%), and India (35.05%).

"Regionally, exports to Central Africa recorded the largest increase at 84.50%, followed by Australia (46.73%), South Asia (35.93%), Southern Europe (24.59%), and other Oceania countries (19.91%)," added the Minister.

Cumulatively, total non-oil and gas exports from January to February 2025 reached USD 43.41 billion, an increase of 9.16% compared to the same period last year. This increase is primarily supported by exports from the industrial and agricultural sectors, although oil and gas exports experienced a decline of 15.82%.

This positive trend indicates that Indonesia continues to maintain its export competitiveness amid global challenges and strengthens the role of the national industry in supporting economic growth. (T2)