BPS Reports Trade Surplus for 70 Consecutive Months

JAKARTA - The Central Statistics Agency (BPS) reports that Indonesia’s trade balance continues to record a surplus, marking the 70th consecutive month since May 2020. In February 2026, the trade balance posted a surplus of US$1.27 billion or Rp21.6 trillion (at an exchange rate of Rp17,000 per US dollar). Deputy for Distribution and Services Statistics at BPS, Ateng Hartono, stated that cumulatively for the period January to February 2026, it recorded US$2.23 billion or the equivalent of Rp37.9 trillion. Ateng explained that the surplus was mainly supported by positive performance in the non-oil and gas sector, while the oil and gas sector still experienced a deficit. “Up to February 2026, Indonesia’s trade balance recorded a surplus of US$2.23 billion. The surplus for the January-February 2026 period was supported by a non-oil and gas commodity surplus of US$5.42 billion, while oil and gas commodities still experienced a deficit of US$3.19 billion,” Ateng said in a BPS release at the BPS Head Office on Wednesday (1/4/2026). Indonesia’s three main export destinations are still dominated by China, the United States, and India, with a contribution of around 43.85 percent to total non-oil and gas exports. China is the largest market with an export value of US$10.46 billion, followed by the United States at US$5.00 billion, and India at US$3.11 billion. Meanwhile, Indonesia’s cumulative import value up to February 2026 reached US$42.09 billion or an increase of 14.44 percent compared to the same period the previous year. Non-oil and gas imports were the main contributor at US$36.93 billion, up 17.49 percent, while oil and gas imports fell 3.50 percent to US$5.16 billion. Furthermore, the non-oil and gas trade surplus up to February 2026 was mainly supported by major commodities such as animal and vegetable fats and oils at US$6.49 billion, mineral fuels at US$4.01 billion, iron and steel at US$2.70 billion, nickel and articles thereof at US$1.97 billion, and footwear at US$0.99 billion.