Indonesia's Trade Balance Surplus Reaches US$954 Million in Early 2026, Bank Indonesia Comments

Jakarta — Indonesia’s trade balance returned to a surplus of US$954 million in January 2026. This marks the 69th consecutive month of surplus since May 2021.

However, this surplus is the lowest recorded in the past nine months, falling short of the December 2025 surplus of US$2.51 billion. Bank Indonesia has issued a statement regarding the January surplus.

“Bank Indonesia views this trade balance surplus positively as it continues to support the resilience of Indonesia’s external economy,” said Ramdan Denny, Executive Director of Bank Indonesia’s Communications Department, as quoted on Tuesday, 3 March 2026.

Going forward, Denny stressed that Bank Indonesia will continue to strengthen policy synergies with the Government and other authorities to further reinforce external resilience and support sustainable national economic growth.

Bank Indonesia attributes the continued trade surplus primarily to the ongoing surplus in the non-oil and gas trade balance. The non-oil and gas trade balance recorded a surplus of US$3.23 billion in January 2026, supported by strong non-oil and gas exports of US$21.26 billion.

“This positive performance of non-oil and gas exports is particularly supported by exports of natural resource-based products such as animal and vegetable fats and oils, as well as manufactured products including nickel and nickel products, vehicles and vehicle parts, machinery and mechanical equipment and parts, and footwear,” said Denny.

By destination country, non-oil and gas exports to China, the United States, and India remained the main contributors to Indonesia’s exports. Meanwhile, the oil and gas trade balance recorded a deficit of US$2.27 billion in January 2026, in line with declining oil and gas exports amid reduced oil and gas imports.