Indonesia’s trade surplus shrank dramatically to USD 0.95 billion in January 2026, from USD 3.49 billion in the same month last year, well below market expectations of USD 2.76 billion. It marked the smallest trade surplus since April 2025, despite Indonesia and the US recently signing a reciprocal trade deal, with Washington agreeing to maintain a 19% tariff on Indonesian exports, down from the 32% initially proposed last year. Imports jumped 18.21% year-on-year to USD 21.2 billion, driven by non-oil and gas products, which surged 16.71%, and oil and gas products, which climbed 27.52%. Meanwhile, exports grew more modestly, rising just 3.39% to USD 22.16 billion. Non-oil and gas exports increased 4.38%, supported by strong gains in animal and vegetable fats and oils, as well as electrical machinery and equipment. However, these gains were partially offset by a sharp 15.62% drop in oil and gas exports, dragged down by lower crude oil and natural gas shipments. source: Statistics Indonesia

Indonesia recorded a trade surplus of 954.30 USD Million in January of 2026. Balance of Trade in Indonesia averaged 944.44 USD Million from 1960 until 2026, reaching an all time high of 7564.84 USD Million in April of 2022 and a record low of -2331.12 USD Million in April of 2019. This page provides the latest reported value for - Indonesia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Indonesia recorded a trade surplus of 954.30 USD Million in January of 2026. Balance of Trade in Indonesia is expected to be 4200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Balance of Trade is projected to trend around 3100.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-02 04:00 AM
Balance of Trade
Dec $2.52B $2.66B $2.45B $3.0B
2026-03-02 04:00 AM
Balance of Trade
Jan $0.95B $2.52B $2.76B $2.7B
2026-04-01 04:00 AM
Balance of Trade
Feb $0.96B


Related Last Previous Unit Reference
Balance of Trade 954.30 2512.70 USD Million Jan 2026
Exports 22155.70 26346.80 USD Million Jan 2026
Exports YoY 3.39 11.64 percent Jan 2026
Imports 21201.40 23834.10 USD Million Jan 2026
Imports YoY 18.21 10.81 percent Jan 2026
Tourist Arrivals YoY 1014397.00 1222993.00 Jan 2026


Indonesia Balance of Trade
Since the 1970’s Indonesia has been recording consistent trade surpluses due to robust exports growth. However, from 2012 to 2014 the country started recording trade deficits, as exports shrank due to slowdown in the global economy and fall in commodity prices. In 2015, trade balance swang again to surplus due to almost 20 percent fall in imports. In recent years, the biggest trade deficits were recorded with China, Thailand, Japan, Germany and South Korea. Indonesia records trade surpluses mainly with India, United States, and Malaysia..
Actual Previous Highest Lowest Dates Unit Frequency
954.30 2512.70 7564.84 -2331.12 1960 - 2026 USD Million Monthly

News Stream
Indonesia Trade Surplus Below Forecasts
Indonesia’s trade surplus shrank dramatically to USD 0.95 billion in January 2026, from USD 3.49 billion in the same month last year, well below market expectations of USD 2.76 billion. It marked the smallest trade surplus since April 2025, despite Indonesia and the US recently signing a reciprocal trade deal, with Washington agreeing to maintain a 19% tariff on Indonesian exports, down from the 32% initially proposed last year. Imports jumped 18.21% year-on-year to USD 21.2 billion, driven by non-oil and gas products, which surged 16.71%, and oil and gas products, which climbed 27.52%. Meanwhile, exports grew more modestly, rising just 3.39% to USD 22.16 billion. Non-oil and gas exports increased 4.38%, supported by strong gains in animal and vegetable fats and oils, as well as electrical machinery and equipment. However, these gains were partially offset by a sharp 15.62% drop in oil and gas exports, dragged down by lower crude oil and natural gas shipments.
2026-03-02
Indonesia, U.S. Ink Trade Deal With Lower Tariffs
Indonesia and the U.S. have signed a reciprocal trade deal, with Washington agreeing to maintain a 19% tariff on Indonesian exports, down from the 32% initially proposed last year. The pact, finalized by Senior Economic Minister Airlangga Hartarto and U.S. Trade Representative Jamieson Greer after months of talks, grants tariff-free access for coffee, chocolate, natural rubber, and spices, with potential exemptions for nearly 1,700 other items, including palm oil. Textile products will be subject to a 0% levy under a forthcoming Tariff-Rate Quota mechanism. Airlangga noted the U.S. dropped demands for non-economic provisions tied to nuclear development and the South China Sea, while the agreement excludes Chinese transshipments. In return, Indonesia will ease most tariff and non-tariff barriers on U.S. goods, adopt American standards for vehicles and medical products, and facilitate U.S. investment in critical minerals and energy.
2026-02-20
Indonesia Trade Surplus Beats Expectations
Indonesia’s trade surplus widened to USD 2.52 billion in December 2025, up from USD 2.24 billion in the same month a year earlier and above market estimates of USD 2.45 billion. Exports unexpectedly grew 11.64% yoy to an over three-year high of USD 26.35 billion in December 2025, rebounding sharply from a 6.6% decline in November and easily beating market forecasts of a 2.4% fall, marking the fastest pace since February 2025. Meanwhile, imports unexpectedly rose 10.81%, accelerating sharply from 0.46% in November and well above forecasts of a 0.7% decline. This marked the fastest increase in imports since last April, driven by a 1.71% rise in oil and gas imports, reflecting higher oil products (4.05%), while non–oil and gas imports rose 12.46% to USD 20.48 billion, rebounding from a 1.15% decline in November. For the entire year of 2025, Indonesia registered a trade surplus of USD 41.05 billion, with exports and imports advancing 6.15% and 2.83% year-on-year, respectively.
2026-02-02