Indonesia's Trade Balance Records 69th Consecutive Surplus, Here's What's Supporting It

Jakarta, CNBC Indonesia - The Central Bureau of Statistics (BPS) has reported that Indonesia’s trade balance in January 2026 recorded a surplus of US$960 million, marking the 69th consecutive surplus since May 2021.

The surplus was driven by strong export performance, which reached US$22.16 billion, whilst imports stood at only US$21.20 billion.

Ateng Hartono, Deputy for Distribution Statistics and Services at BPS, revealed that the January 2026 surplus was supported by a non-mineral commodity surplus of US$3.22 billion. The key contributors to the non-mineral surplus were vegetable and animal fats and oils, followed by fuel and petroleum products, and iron and steel.

However, Indonesia’s mineral balance continued to face a deficit of US$2.27 billion, driven by crude oil and oil and gas products.

“For the total trade balance of mineral and non-mineral commodities, the United States contributed the largest surplus of US$1.55 billion, followed by India with US$1.07 billion in the second position, and the Philippines contributing US$0.69 billion in third place,” said Ateng during a BPS press conference on Monday, 2 March 2026.