FX.co ★ Indonesia Trade Surplus Narrows in July

In July 2025, Indonesia's trade surplus decreased to USD 4.18 billion, compared to USD 5.01 billion in the same period the previous year. Exports experienced a 9.86% increase year-on-year, which was a slight slowdown from the 11.29% growth observed in June. This deceleration was attributed to a reduction in front-loading activities following the newly established trade agreement between the United States and Indonesia. Under this agreement, Indonesia agreed to a reciprocal tariff rate of 19%, significantly lower than the initially proposed 32%. Conversely, imports declined by 5.86% year-on-year, following a 4.28% rise in June. This decline in imports marked the end of five consecutive months of growth in Indonesia's import activities.