Indonesia Records US$0.95 Billion Trade Surplus in January

TEMPO.CO, Jakarta - Statistics Indonesia (BPS) announced that Indonesia's trade balance recorded a surplus of US$0.95 billion in January 2026. Deputy for Distribution and Services Statistics Ateng Hartono at BPS, stated that this development led to Indonesia's trade balance being in surplus for 69 consecutive months since May 2020.

"The surplus in January 2026 was supported by a non-oil and gas commodity surplus of US$ 3.22 billion," Ateng said during a press conference at the BPS office in Jakarta on Monday, March 2, 2026.

The commodities contributing to the non-oil and gas surplus are animal/vegetable fats and oils, mineral fuels, and iron and steel. Meanwhile, the oil and gas commodity balance showed a deficit of $2.27 billion, mainly due to imports of crude oil and oil products.

Ateng stated that Indonesia's exports reached US$22.16 billion in January 2026, which is a 3.39 percent increase year-on-year. This increase was primarily driven by an 8.19 percent year-on-year growth in the manufacturing industry. Meanwhile, Indonesia's imports in January 2026 amounted to US$21.20 billion, an 18.21 percent increase year-on-year. The main contributors to imports still came from the non-oil and gas sector, with a value of US$18.04 billion in imports, which is up 16.71 percent year-on-year.

In terms of regions, the three countries that contributed to the total trade balance surplus were the United States, with a surplus of US$1.55 billion; India, with a surplus of US$1.07 billion; and the Philippines, with a surplus of US$0.69 billion. Meanwhile, the three countries with the largest trade deficits are China, with a deficit of US$2.47 billion; Australia, with a deficit of US$0.96 billion; and France, with a deficit of US$0.47 billion.

The three countries that contribute to the non-oil and gas surplus are the United States, India, and the Philippines. The United States has a surplus of US$1.81 billion, India has a surplus of US$1.10 billion, and the Philippines has a surplus of US$0.69 billion. "Meanwhile, the three countries with the deepest trade deficits in the non-oil and gas group are China with a deficit of US$2.62 billion, Australia with a deficit of US$0.84 billion, and France with a deficit of US$0.47 billion," said Ateng.

Read: Global Oil Could Hit US$100 per Barrel as Middle East Tensions Escalate

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