Heaptalk, Jakarta —Trade Minister Budi Santoso declared that the archipelago’s trade balance reached a surplus of around US$4.42 billion in November 2024. This trade balance record marks the 55th consecutive month of surplus since May 2020, with the cumulative surplus from January to November 2024 amounting to US$28.86 billion.
During this period, Indonesia’s export growth trend reached 1.86%, with last year’s export performance increasing by 2.06% compared to 2023. Additionally, the five-year export growth trend from 2019 to 2023 was recorded at 15.6%.
Minister Budi also highlighted that throughout 2024, Indonesia successfully maintained inflation within the target range of 1.5% to 3.5%. The year-on-year inflation rate for December 2024 stood at 1.57%, with the year-to-date inflation rate at the exact figure.
The Ministry of Trade has outlined three primary work programs for 2025: safeguarding the domestic market, expanding export markets, and enhancing the export capabilities of Micro, Small, and Medium Enterprises (MSMEs).
Minister Budi also revealed in this conference that the Ministry is drafting a Ministerial Regulation concerning trade exhibition standards. This regulation, in line with Government Regulation No. 29/2021, aims to provide guidelines for organizing or participating in trade promotion activities, such as trade fairs and missions. The regulation seeks to improve coordination, ensure measurable outcomes, and boost MSME participation.
The draft regulation will define the Ministry’s role as a coordinator in trade exhibitions and missions, establish coordination mechanisms, detail planning and implementation reporting procedures, and provide technical provisions for conducting trade missions.
