Indonesia’s trade balance in January 2026 recorded a surplus of USD 0.95 billion, maintaining a positive trade streak but reflecting a moderation compared to previous months as total imports grew faster than exports. According to data from Badan Pusat Statistik (BPS), exports in January reached USD 22.16 billion, a 3.39% increase year-on-year, driven largely by non-oil and gas products such as animal and vegetable fats and oils, nickel and electronics components, while oil and gas exports declined. The continued surplus highlights Indonesia’s productive export sectors despite the more rapid rise in import activity.

Total imports reached USD 21.20 billion, up 18.21% year-on-year, reflecting strong domestic demand for both non-oil and gas and oil and gas goods, including raw materials and capital goods. Non-oil and gas imports accounted for a significant portion of the increase, underscoring sustained business investment and supply chain activity. Although the January surplus is lower than December 2025, the result reinforces Indonesia’s resilient trade performance and ability to maintain positive balance amid shifting global demand patterns.
Source: https://jakartaglobe.id/business/indonesias-january-trade-surplus-falls-to-095b-as-imports-outpace-exports