Indonesia's trade balance achieved a cumulative surplus of USD 5.55 billion in the first quarter of 2026, marking 71 consecutive months of surplus since May 2020.
Key points
- Total exports for the first quarter of 2026 reached USD 66.85 billion, driven by a 3.96% growth in the manufacturing sector.
- Cumulative imports rose by 10.05% year-on-year to USD 61.30 billion, with March 2026 imports totaling USD 19.21 billion.
- China remains the primary source of non-oil and gas imports, accounting for 41.56% of the total, largely consisting of machinery and electrical equipment.
- The trade surplus was supported by a USD 10.63 billion surplus in non-oil and gas commodities, offsetting a USD 5.08 billion deficit in the oil and gas sector.
Why it matters
The sustained trade surplus highlights Indonesia's continued reliance on commodity exports and manufacturing, while the rising import volume reflects ongoing demand for industrial capital and raw materials.
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