China remains Indonesia's main market for non-hydrocarbon exports

Indonesia's trade surplus reached $3.45 billion in January 2025 and has been in trade surplus for 57 consecutive months since May 2020.The Director General of the Fiscal Policy Bureau of the Ministry of Finance said that the trade surplus at the beginning of 2025 was higher than that of the previous month, December 2024, and also higher than that of the same period of the previous year. The surplus was due to higher value addition in products and trade diversification. From a sectoral perspective, processing industries, agriculture and plantations increased their contribution to the trade balance.In January, Indonesia exported $21.45 billion, up 4.681 TP3T year-on-year, with non-oil and natural gas exports growing, and exports from the agriculture and processing industry sectors increasing by 45.461 TP3T and 14.021 TP3T, respectively, while exports of palm oil, coal, and iron and steel contracted. China remains the main market for Indonesia's non-oil and gas exports, accounting for 22.40%, followed by the U.S. and India.Indonesia's imports of $18 billion in January were down 2.67% year-on-year, with oil and gas and non-oil and gas imports both falling. In terms of use, imports of capital goods grew, while imports of consumer goods and raw materials declined.China still dominates in terms of imports with a share of 40.86%, followed by Japan and the United States.The Government will continue to pay attention to the impact of the global economic slowdown on exports and take measures to promote further processing of natural resources, among other things.