JAKARTA - The trade balance surplus shot up 274.31% to US$3.11 billion in February 2025 from US$832.7 million in February 2024.

In a press release quoted on Tuesday (18/3), Sarpono, Director of Distribution Statistics at the Central Statistics Agency (BPS) said that the growth in the trade balance surplus was contributed by an increase in the non-oil and gas trade balance to US$4.84 billion from US$2.59 billion. Meanwhile, the trade balance deficit shrank to US$1.42 billion from US$1.76 billion.

In addition, BPS recorded total oil and gas and non-oil and gas exports of US$21.98 billion, growing 11.18% from US$19.27 billion. The value of oil and gas exports was US$1.14 billion and non-oil and gas exports was US$20.83 billion. Total oil and gas and non-oil and gas imports rose slightly to US$18.86 billion from US$18.44 billion. Oil and gas imports were US$2.86 billion and non-oil and gas imports were US$15.99 billion.

The trade surplus during January-February 2025 was US$6.60 billion, up 133.45% from US$2.83 billion in the same period in 2023. This was due to an increase in the non-oil and gas balance surplus to US$9.75 billion from US$5.89 billion, while the oil and gas balance deficit rose slightly to US$3.14 billion from US$3.06 billion. (LK/LM)