Indonesia Trade Balance Surplus US$0.95 Billion in January

The Central Statistics Agency (BPS) announced that Indonesia’s trade balance recorded a surplus of US$0.95 billion in January 2026. Ateng Hartono, Deputy for Statistics on Distribution and Services at BPS, stated that this development marked the 69th consecutive month of trade surplus since May 2020.

“The January 2026 surplus was supported by a non-mineral commodity surplus of US$3.22 billion,” Ateng said during a press conference at BPS headquarters in Jakarta on Monday, 2 March 2026.

The non-mineral commodities contributing to the surplus included animal and vegetable fats and oils, mineral fuels, and iron and steel products. Simultaneously, mineral and energy commodities recorded a deficit of US$2.27 billion, primarily driven by crude oil and petroleum products.

Ateng noted that export values in January 2026 reached US$22.16 billion, rising 3.39 per cent year-on-year. This increase was largely driven by the manufacturing industry, which grew 8.19 per cent year-on-year. Meanwhile, Indonesia’s import values for January 2026 amounted to US$21.20 billion, up 18.21 per cent year-on-year. Non-mineral commodities remained the primary source of imports, with a value of US$18.04 billion, rising 16.71 per cent year-on-year.

By region, the three countries contributing the largest trade surpluses were the United States with US$1.55 billion, India with US$1.07 billion, and the Philippines with US$0.69 billion. The three countries recording the deepest trade deficits were China with a deficit of US$2.47 billion, Australia with US$0.96 billion, and France with US$0.47 billion.

In the non-mineral commodity group, the three countries contributing the largest surpluses were the United States with US$1.81 billion, India with US$1.10 billion, and the Philippines with US$0.69 billion. The three countries recording the deepest deficits in non-mineral commodities were China with US$2.62 billion, Australia with US$0.84 billion, and France with US$0.47 billion.