diff --git a/pkg/controller/subnet.go b/pkg/controller/subnet.go
index 62b156207c2..6ae02aad1a0 100644
--- a/pkg/controller/subnet.go
+++ b/pkg/controller/subnet.go
@@ -2079,7 +2079,7 @@ func (c *Controller) calcDualSubnetStatusIP(subnet *kubeovnv1.Subnet) (*kubeovnv
 		v6availableIPs = 0
 	}
 
-	v4UsingIPStr, v6UsingIPStr, v4AvailableIPStr, v6AvailableIPStr := c.ipam.GetSubnetIPRangeString(subnet.Name)
+	v4UsingIPStr, v6UsingIPStr, v4AvailableIPStr, v6AvailableIPStr := c.ipam.GetSubnetIPRangeString(subnet.Name, subnet.Spec.ExcludeIps)
 
 	if subnet.Status.V4AvailableIPs == v4availableIPs &&
 		subnet.Status.V6AvailableIPs == v6availableIPs &&
@@ -2168,7 +2168,7 @@ func (c *Controller) calcSubnetStatusIP(subnet *kubeovnv1.Subnet) (*kubeovnv1.Su
 		availableIPs = 0
 	}
 
-	v4UsingIPStr, v6UsingIPStr, v4AvailableIPStr, v6AvailableIPStr := c.ipam.GetSubnetIPRangeString(subnet.Name)
+	v4UsingIPStr, v6UsingIPStr, v4AvailableIPStr, v6AvailableIPStr := c.ipam.GetSubnetIPRangeString(subnet.Name, subnet.Spec.ExcludeIps)
 	cachedFloatFields := [4]float64{
 		subnet.Status.V4AvailableIPs,
 		subnet.Status.V4UsingIPs,
diff --git a/pkg/ipam/ipam.go b/pkg/ipam/ipam.go
index 73f7ce64f2f..e2c548cd111 100644
--- a/pkg/ipam/ipam.go
+++ b/pkg/ipam/ipam.go
@@ -380,16 +380,23 @@ func (ipam *IPAM) GetSubnetV4Mask(subnetName string) (string, error) {
 	return "", ErrNoAvailable
 }
 
-func (ipam *IPAM) GetSubnetIPRangeString(subnetName string) (string, string, string, string) {
+func (ipam *IPAM) GetSubnetIPRangeString(subnetName string, excludeIps []string) (string, string, string, string) {
 	ipam.mutex.RLock()
 	defer ipam.mutex.RUnlock()
 
+	// subnet.Spec.ExcludeIps contains both v4 and v6 addresses
+	v4ExcludeIps, v6ExcludeIps := util.SplitIpsByProtocol(excludeIps)
+
 	var v4UsingIPStr, v6UsingIPStr, v4AvailableIPStr, v6AvailableIPStr string
 	if subnet, ok := ipam.Subnets[subnetName]; ok {
-		v4UsingIPStr = subnet.V4Using.String()
-		v6UsingIPStr = subnet.V6Using.String()
-		v4AvailableIPStr = subnet.V4Available.String()
-		v6AvailableIPStr = subnet.V6Available.String()
+		v4Reserved, _ := NewIPRangeListFrom(v4ExcludeIps...)
+		v6Reserved, _ := NewIPRangeListFrom(v6ExcludeIps...)
+
+		// do not count ips in excludeIPs as available and using IPs
+		v4AvailableIPStr = subnet.V4Available.Separate(v4Reserved).String()
+		v6AvailableIPStr = subnet.V6Available.Separate(v6Reserved).String()
+		v4UsingIPStr = subnet.V4Using.Separate(v4Reserved).String()
+		v6UsingIPStr = subnet.V6Using.Separate(v6Reserved).String()
 	}
 
 	return v4UsingIPStr, v6UsingIPStr, v4AvailableIPStr, v6AvailableIPStr
diff --git a/pkg/ipam/subnet.go b/pkg/ipam/subnet.go
index b02c4e78c71..db28c7ded86 100644
--- a/pkg/ipam/subnet.go
+++ b/pkg/ipam/subnet.go
@@ -396,6 +396,8 @@ func (s *Subnet) GetStaticAddress(podName, nicName string, ip IP, mac *string, f
 		if pool.V4Reserved.Contains(ip) {
 			s.V4NicToIP[nicName] = ip
 			s.V4IPToPod[ip.String()] = podName
+			// ip allocated from excludeIPs should be recorded in usingIPs since when the ip is removed from excludeIPs, there's no way to update usingIPs
+			isAllocated = true
 			return ip, macStr, nil
 		}
 
@@ -431,6 +433,7 @@ func (s *Subnet) GetStaticAddress(podName, nicName string, ip IP, mac *string, f
 		if pool.V6Reserved.Contains(ip) {
 			s.V6NicToIP[nicName] = ip
 			s.V6IPToPod[ip.String()] = podName
+			isAllocated = true
 			return ip, macStr, nil
 		}
 
diff --git a/test/unittest/ipam/ipam.go b/test/unittest/ipam/ipam.go
index 3fea864f98c..efad75ab342 100644
--- a/test/unittest/ipam/ipam.go
+++ b/test/unittest/ipam/ipam.go
@@ -193,6 +193,26 @@ var _ = Describe("[IPAM]", func() {
 				_, _, _, err = im.GetRandomAddress("pod1.ns", "pod1.ns", nil, subnetName, "", nil, true)
 				Expect(err).Should(MatchError(ipam.ErrNoAvailable))
 			})
+
+			It("do not count excludedIps as subnet's v4availableIPs and v4usingIPs", func() {
+				im := ipam.NewIPAM()
+				err := im.AddOrUpdateSubnet(subnetName, "10.16.10.0/28", "10.16.10.1", []string{"10.16.10.1", "10.16.10.10"})
+				Expect(err).ShouldNot(HaveOccurred())
+
+				ip, _, _, err := im.GetStaticAddress("pod1.ns", "pod1.ns", "10.16.10.10", nil, subnetName, true)
+				Expect(err).ShouldNot(HaveOccurred())
+				Expect(ip).To(Equal("10.16.10.10"))
+
+				v4UsingIPStr, _, v4AvailableIPStr, _ := im.GetSubnetIPRangeString(subnetName, []string{"10.16.10.10"})
+				Expect(v4UsingIPStr).To(Equal(""))
+				Expect(v4AvailableIPStr).To(Equal("10.16.10.2-10.16.10.9,10.16.10.11-10.16.10.14"))
+
+				err = im.AddOrUpdateSubnet(subnetName, "10.16.10.0/28", "10.16.10.1", []string{"10.16.10.1"})
+				Expect(err).ShouldNot(HaveOccurred())
+				v4UsingIPStr, _, v4AvailableIPStr, _ = im.GetSubnetIPRangeString(subnetName, nil)
+				Expect(v4UsingIPStr).To(Equal("10.16.10.10"))
+				Expect(v4AvailableIPStr).To(Equal("10.16.10.2-10.16.10.9,10.16.10.11-10.16.10.14"))
+			})
 		})
 
 		Context("[IPv6]", func() {