Indonesia Posts 64-Month Trade Surplus, $5.49B in August Driven by Non-Oil Exports

Indonesia sustained its trade surplus for the 64th consecutive month in August 2025, posting $5.49 billion driven mainly by a $7.15 billion surplus in non-oil and gas commodities such as palm oil, mineral fuels, and iron and steel, while its oil and gas sector showed a deficit. From January to August, Indonesia's cumulative trade surplus reached $29.14 billion, with the United States, India, and the Philippines as its largest surplus partners, and China, Singapore, and Australia as top deficit sources. In contrast, the Philippines reported a narrowed trade deficit of $3.54 billion in August, the smallest in six months, supported by a 5% rise in exports, led by electronic products with Hong Kong becoming its top export market over the U.S. Hungary also saw an increased trade surplus in August, rising to EUR 557 million amid a faster decline in imports than exports, despite annual export and import declines. These data highlight varying trade dynamics in key Asian and European economies, reflecting shifts in export markets and import patterns.