Indonesia Achieves Record 67 Months of Trade Surplus

November 2025 Trade Performance

Indonesia's trade balance maintained its positive trajectory, recording a $2.66 billion surplus in November 2025. This achievement marks a record 67 consecutive months of trade surplus since May 2020, demonstrating the country's strong export performance. The Central Statistics Agency (BPS) reported that the surplus was primarily driven by non-oil and gas commodities, which recorded a significant surplus of $4.64 billion.

Key Contributors to Surplus

1. Animal and vegetable fats/oils: Continued strong demand contributed significantly
2. Iron and steel products: Maintained robust export performance
3. Nickel and related products: Strong export numbers supported overall surplus

Challenges in Oil and Gas Sector

The oil and gas commodities recorded a deficit of $1.98 billion, primarily due to imports of crude oil and oil products. This deficit partially offset the overall surplus, highlighting the ongoing challenges in Indonesia's energy sector.

Economic Implications

This record-breaking trade surplus demonstrates Indonesia's competitive edge in various export commodities and its ability to maintain trade balance stability. The prolonged surplus period indicates effective trade policies and strong global demand for Indonesian products.

The information was reported by BPS through a press conference on January 5, 2026, providing official statistics and insights into Indonesia's trade performance for November 2025.