01 Jul 2025 | News & Feature

Trade: (Temporary?) bounce back

  • Indonesia’s trade surplus increased to USD 4.3 Bn from USD 159 Mn as imports growth slowed (4.14% YoY) while exports normalized (9.68% YoY) from US tariff disruption.
  • CPO exports have declined significantly compared to March, while ferro-alloys and coal still show growth.
  • Still-robust imports of capital goods can indicate business expansion in certain sub-sectors, particularly ferro-alloys.
  • Exports growth likely to slow down due to low commodity prices and potential US tariff rate increase, while imports may rise due to dumping.