Indonesia’s trade balance surplus narrowed to US$4.34 billion in September 2025 from US$5.49 billion in August 2025. This decline was driven by a decrease in the non-oil and gas surplus, which fell to US$5.99 billion in September 2025 from US$7.15 billion in August 2025, supported primarily by exports of animal and vegetable fats, mineral fuels, iron and steel, as well as nickel and related products. Meanwhile, the oil and gas trade balance recorded a slightly lower deficit of US$1.64 billion in September 2025, compared to US$1.66 billion in August 2025, primarily due to fluctuations in the prices of crude oil and refined petroleum products. Indonesia’s trade surplus has now been sustained for 65 consecutive months since May 2020. The United States remained the most significant contributor to the surplus, at US$13.48 billion, while China posted the most significant deficit, at US$14.32 billion, during the January–September 2025 period.