Trade Balance Surplus Continues, Inflation is Controlled, and the Financial System is Maintained

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The following is important information related to the development of the business universe that needs attention today based on the curation of the SUAR Team.

Indonesia's Trade Surplus Continues for 65 Consecutive Months

Statistics Indonesia (BPS) reported that Indonesia's trade balance in September 2025 recorded a surplus of USD 4.34 billion. This achievement marks the continuation of a positive trend for 65 consecutive months since May 2020. Cumulatively, the value of the trade surplus throughout January to September 2025 reached USD 33.48 billion, an increase of USD 11.30 billion compared to the same period last year.
Indonesia's export value in September 2025 was recorded at USD 24.68 billion, an increase of 11.41% compared to September 2024. Meanwhile, imports reached USD 20.34 billion, up 7.17% year on year. Higher export performance than imports kept the trade balance in surplus, although the surplus was smaller than in August 2025. Cumulatively, Indonesia's exports from January to September 2025 increased by 8.14% compared to the same period last year.

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Financial System Stability Reflects Optimism That Growth Targets Will Be Achieved

The stability of Indonesia's financial system in the third quarter of 2025 is an oasis that strengthens amid global economic uncertainty and dynamics. The synergy of fiscal, monetary, and financial policies is a supporting factor that sparks optimism that annual economic growth will meet its target. However, there is still work to be done to ensure that this optimism becomes a reality.

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Two Months Before the End of the Year, Inflation is Still Under Control

Statistics Indonesia (BPS) reported the general inflation rate in October 2025 at 2.86% year on year (year on year/YoY). With less than two months until the end of 2025, Indonesia's inflation is still below the upper limit of the government and Bank Indonesia (BI) target of 3.5%. On a monthly basis, BPS recorded inflation of 0.28%, while year-to-date inflation reached 2.10%. When viewed from a monthly perspective, this inflation is the highest in the last five years for the October period, after inflation in the same month in 2021 to 2024 was always below 0.20%.

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Optimism of Manufacturing Managers Blossoms as Domestic Demand Grows

S&P Global on Monday (3/11/2025) released the Indonesia Manufacturing Purchasing Managers Index (PMI) in October 2025, which rose to 51.2 from the previous month's level of 50.4. A figure above 50 indicates expansion, while below 50 indicates the opposite. This achievement marks three consecutive months of manufacturing expansion, which indicates the stability of the national industry's growth momentum amid global economic pressures. Based on the components forming the Indonesia PMI in October 2025, new orders rose from 51.7 to 52.3. Meanwhile, the level of employment increased from 50.7 to 51.3. This increase reflects increasing market confidence and the production capacity of the national industry.

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Anne's Choice Video Keeps Running, Indonesian Textiles Want to Catch Up with Vietnam

The Strength of Indonesia's Digital Economy in the Regional Landscape

Indonesia is the largest and most strategic digital market in Southeast Asia. In the long term, the sales value or gross merchandise value (GMV) of the overall Indonesian digital economy is expected to reach USD 200 billion to USD 360 billion by 2030.
In 2024, the sales value or GMV of the overall Indonesian digital economy is projected to reach USD 90 billion. This figure is up 18% in two years. This solid GMV growth is supported by excellent performance in various key sectors. The e-commerce sector remains the largest contributor, projected to reach a GMV of USD 65 billion in 2024. Meanwhile, the online travel sector recorded the most impressive performance with a jump of 108% from USD 3 billion in 2022 to USD 7 billion in 2023, and is expected to touch USD 9 billion in 2024.

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The Governance Insight Forum is organized by the Financial Services Authority (OJK) with the aim of strengthening synergy and encouraging clean, accountable, and proactive governance in the financial services sector in Indonesia. This event will be held on Tuesday, November 4, 2025, from 09.00–12.00 WIB, in a hybrid format (offline and online) at the Auditorium Building of the Governor of West Sumatra. The forum will feature the Chairman of the OJK Audit Board, Sophia Wattimena, and invite all stakeholders to discuss strategies for building a healthy, transparent, and integrated financial services sector. Participants can attend this event by registering via the link provided on OJK's Instagram social media.

Innovative Government Award (IGA) 2025. In this competition and appreciation event organized by the Ministry of Home Affairs (Kemendagri), regional heads have the opportunity to present superior innovations from their respective regions. This event will take place over three days, on November 4–6, 2025, with the opening by the Minister of Home Affairs on November 4, 2025 at 08.00 WIB, located in the Main Session Room of the Ministry of Home Affairs. Participants or the general public can listen to and support regional innovations online (live) via the BSKDN Kemendagri YouTube channel.