BI: February 2026 Trade Surplus a Positive Signal
Bank Indonesia assesses the trade surplus in February 2026 as a positive signal for the external resilience of the economy. Based on data from the Central Statistics Agency, the trade balance recorded a surplus of US$1.27 billion, an increase from January 2026’s US$0.95 billion.
“This trade surplus is positive for further supporting the external resilience of the Indonesian economy,” said Executive Director of the Bank Indonesia Communication Department Ramdan Denny Prakoso in an official statement quoted on Friday, 3 April 2026.
He stated that Bank Indonesia continues to strengthen policy synergies with the government and other authorities to bolster external resilience and support sustainable national economic growth.
The ongoing surplus primarily stems from the performance of the non-oil and gas trade balance. In February 2026, the non-oil and gas balance recorded a surplus of US$2.19 billion, supported by robust non-oil and gas exports of US$21.09 billion.
This export performance was mainly driven by resource-based commodities such as animal and vegetable fats and oils, as well as manufactured products like vehicles and parts thereof, and various chemical products.
By destination country, non-oil and gas exports to China, the United States, and India remain the main contributors. Meanwhile, the oil and gas trade deficit narrowed to US$0.92 billion, in line with a significant decline in oil and gas imports.
The Central Statistics Agency announced that Indonesia’s trade surplus stood at US$1.27 billion in February 2026. Deputy for Distribution and Services Statistics at the Central Statistics Agency Ateng Hartono said that with this development, the trade balance has recorded surpluses for 70 consecutive months since May 2020.
“The surplus in February was more driven by the non-oil and gas surplus of US$2.19 billion, with the main contributors to the non-oil and gas surplus being animal and vegetable fats and oils first,” said Ateng at a press conference on Wednesday, 1 April 2026. In addition, mineral fuels as well as iron and steel contributed to the non-oil and gas surplus.
Meanwhile, the oil and gas commodity trade balance recorded a deficit of US$0.92 billion. The main deficit contributors include crude oil, oil products, and gas.
In detail, Indonesia’s export value in February 2026 reached US$22.17 billion, up 1.01 percent from February 2025. Meanwhile, the import value in February 2026 reached US$20.89 billion, up 10.85 percent from February 2025.
Cumulatively, the Central Statistics Agency recorded a trade balance surplus of US$2.23 billion for January-February 2026. The surplus from January to February 2026 was supported by a non-oil and gas surplus of US$5.42 billion. Meanwhile, oil and gas trade experienced a deficit of US$3.19 billion.
Ateng said that the three countries contributing the largest surpluses were the United States at US$3.11 billion, India at US$2.29 billion, and the Philippines at US$1.54 billion.