- Indonesia trade surplus plunged to USD 158.8 Mn in April 2025, driven by significant rise in imports (+21.84% YoY), outpacing exports growth (+5.76% YoY).
- Imports has increased in all categories: capital goods, consumer goods, and raw materials. With notable increase in machinery, electrical equipment, and steel.
- Imports surge originated from Singapore (+47.74% YoY) and China (+53.71% YoY), indicating either a potential transshipment activity or dumping of excess inventory.
- The longer-term outlook remains highly uncertain, with risk of global slowdown still looming as Trump’s 10% base tariff appear set to stay.
