Indonesia posts $3.55 billion trade surplus in August
JAKARTA: Indonesia booked a surprisingly large trade surplus of $3.55 billion in August, official data showed on Thursday, well above the median forecast for a surplus of around $630 million in a Reuters poll. The August surplus was the widest since September 2025, according to LSEG data. Exports rose 6.72% on a yearly basis in August to reach $26.61 billion, according to Statistics Indonesia,…
Indonesia reported a surprisingly large trade surplus of $3.55 billion in August, official data revealed on Thursday, significantly exceeding the median forecast of around $630 million in a Reuters poll. The August surplus marked the widest since September 2025, as per LSEG data. Exports increased by 6.72% year-on-year in August, reaching $26.61 billion, surpassing the poll's expectation of a 4.3% rise. Meanwhile, imports surged 19.09% year-on-year to $23.06 billion, contrasting with the poll's projected 31.14% increase.
Resource-rich Indonesia has reaped the benefits of rising prices for its top commodity exports this year, with some gains attributed to the surge in global crude prices following the Middle East conflict. However, as a net oil importer, Indonesia's import bills have also skyrocketed. Situated in Southeast Asia, the country is the world's leading exporter of coal, palm oil, and nickel, and a significant supplier of tin, copper, aluminium, and coffee.
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