Indonesia’s Trade Surplus with U.S. Endures Tariffs, but Reliance on Few Sectors Raises Risks

Indonesia’s trade balance with the United States has consistently run a surplus, with Indonesia’s non-oil and gas exports to the U.S. exceeding U.S. exports to Indonesia.

Indonesia’s trade with the United States continues to tilt heavily in Jakarta’s favor, underlining the resilience of its export base even amid shifting U.S. trade policies.

Data from Statistics Indonesia (BPS) show that in the first half of 2025, non-oil and gas exports to the U.S. climbed 20.7% year on year to US$14.8 billion, accounting for more than 11.5% of Indonesia’s total shipments.

Imports from the U.S., meanwhile, rose 6.8% to US$4.9 billion, leaving Indonesia with a surplus of nearly US$10 billion.

This performance extends a long-standing pattern. Indonesia has consistently booked surpluses with the U.S., even through trade wars and global slowdowns, with peaks of US$18.9 billion in 2022 and US$17 billion in 2024

Indonesia’s key export mainstays to the U.S. include machinery and electrical equipment, footwear, and apparel and accessories.

Given this trend, even after the United States under President Donald Trump imposed a reciprocal 19% tariff on Indonesia, the government can remain cautiously optimistic that the bilateral trade balance will stay in surplus.

Market expansion and the optimization of supply chains for these flagship commodities will be critical to preserving Indonesia’s surplus amid global geopolitical uncertainty.