Indonesia’s April Trade Surplus Plummets Sharply
(MENAFN) Indonesia’s trade surplus in April plunged sharply to just 160 million U.S. dollars, a dramatic drop from the 2.72 billion dollars recorded in the same month last year, revealed Statistics Indonesia (BPS) on Monday.
“This marks 60 consecutive months of trade surpluses since May 2020,” stated Pudji Ismartini, BPS Deputy for Distribution and Services Statistics, during a press briefing.
In April, exports reached 20.74 billion U.S. dollars, showing a 5.76 percent increase compared to last year. Meanwhile, imports surged 21.84 percent year-on-year, totaling 20.59 billion dollars.
Between January and April 2025, Indonesia's cumulative trade surplus amounted to 11.07 billion dollars. This was bolstered by total exports of 87.36 billion dollars—a 6.65 percent rise from the previous year—and imports of 76.29 billion dollars, which climbed 6.27 percent annually.
Bhima Yudhistira, director of the Center for Economic and Law Studies (CELIOS), attributed the reduced trade surplus to businesses rushing to stockpile raw materials and capital goods ahead of U.S. tariff delays.
Additionally, Bhima pointed out that coal exports fell by 6 percent, while crude palm oil (CPO) shipments tumbled by 39 percent due to declining global demand. He stressed the critical need for Indonesia to diversify its economy beyond reliance on the coal industry.
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