RRI.CO.ID, Jakarta – Indonesia's trade balance recorded a surplus of USD 0.95 billion in January 2026, extending the surplus trend to 69 consecutive months since May 2020. The surplus was supported by non-oil and gas performance of USD 3.23 billion, while the oil and gas sector recorded a USD 2.27 billion deficit.

"Consistent surplus reflects the resilience of the national trade sector amidst global uncertainty," said Trade Minister Budi Santoso on Wednesday, March 4, 2026.

By partner country, the largest surplus came from the US (USD 1.55 billion), followed by India (USD 1.07 billion) and the Philippines (USD 0.69 billion). The largest deficits were with China (USD 2.47 billion), Australia (USD 0.96 billion), and France (USD 0.47 billion).

Total exports reached USD 22.16 billion in January 2026, up 3.39 percent from January 2025. Non-oil and gas exports grew 4.38 percent to USD 21.26 billion. The manufacturing industry sector dominated exports with an 83.53 percent contribution.

Manufacturing industry exports rose 8.19 percent, while agricultural exports fell 20.36 percent and mining exports dropped 14.59 percent year-on-year. The highest export increases came from tin (up 191.38 percent), animal and vegetable fats and oils (up 46.05 percent), and nickel (up 42.04 percent), driven by rising international prices.

China, the US, and India remained the main export destinations, accounting for 43.77 percent of total non-oil and gas exports. The highest export growth was recorded in Spain (74.65 percent), Egypt (59.23 percent), and Pakistan (55.62 percent).

Total imports reached USD 21.20 billion in January 2026, rising 18.21 percent year-on-year. Non-oil and gas imports grew 16.71 percent, while oil and gas imports increased 27.52 percent. Import growth occurred across all categories: capital goods (up 35.23 percent), raw materials (up 14.67 percent), and consumer goods (up 11.81 percent).

"The import increase shows rising production activity and consumer confidence at the beginning of 2026," Budi said, noting Indonesia's Manufacturing PMI rose from 51.2 to 52.6 and Consumer Confidence Index from 123.5 to 127.0.

The largest import increases came from aircraft and parts (up 1,288.48 percent), precious metals (up 152.50 percent), and salt and sulfur (up 113.81 percent). China, Australia, and Japan dominated non-oil and gas imports with a 54.92 percent share. The highest import growth came from France (444.56 percent), Zimbabwe (248.85 percent), and Argentina (201.71 percent).

"Overall, January 2026 trade performance shows a strong foundation, supported by consistent surplus, strengthening manufacturing exports, and increasing domestic production activity and consumer confidence," Budi concluded.