Indonesia's Trade Balance Surpluses for 70 Consecutive Months, Here Are the Triggers!

Indonesia has successfully recorded a trade surplus for 70 consecutive months in February 2026, following consistent export-import surpluses since May 2020. In February 2026, the Central Statistics Agency (BPS) noted a trade balance surplus of US$1.27 billion, as export values soared to US$22.17 billion, while imports stood at US$20.89 billion. This surplus increased compared to the US$0.96 billion recorded in January 2026. “In February 2026, we recorded a surplus of US$1.27 billion. This marks a surplus for 70 consecutive months since May 2020,” said Deputy for Distribution and Services Statistics at BPS, Ateng Hartono, during a press conference on Wednesday (1/4/2026). Based on BPS data, this trade balance surplus was contributed by non-oil and gas products, which achieved a surplus of US$2.19 billion, with key contributing commodities including animal and vegetable fats and oils, mineral fuels, and iron and steel. Meanwhile, oil and gas products still recorded a deficit of US$0.92 billion, with the largest deficit contributors from crude oil, oil products, and gas.