Indonesia’s trade surplus declined to USD 3.32 billion in March 2026, from USD 4.33 billion in the same month last year, as exports fell while imports rose. Imports grew 1.51% yoy, slowing from 10.85% in February, with oil and gas imports rising 1.34% yoy to USD 3.17 billion, rebounding from a 30.36% plunge in February, while non-oil and gas imports rose 1.54% to USD 16.04 billion. Meanwhile, exports fell 3.1% yoy, marking the first decline since last November, amid disruptions linked to Middle East conflicts. Non-oil and gas exports dropped 2.52%, while oil and gas exports plunged 11.84%, due to sharp falls in crude oil (-34.36%) and oil products (-17.59%). By destination, non-oil and gas exports declined mainly to top trading partners: the US (-12.83%), India (-1.28%), and the EU (-17.63%), while exports to China surged 16.22%. For the first quarter of 2026, the country posted a USD 5.55 billion trade surplus, with exports and imports rising 0.34% and 10.05%, respectively. source: Statistics Indonesia

Indonesia recorded a trade surplus of 3320 USD Million in March of 2026. Balance of Trade in Indonesia averaged 947.85 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 May of 2026.

Indonesia recorded a trade surplus of 3320 USD Million in March of 2026. Balance of Trade in Indonesia is expected to be 2800.00 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
2026-04-01 04:00 AM
Balance of Trade
Feb $1.28B $0.96B $1.55B $1.2B
2026-05-04 04:30 AM
Balance of Trade
Mar $3.32B $1.28B $ 4.2B
2026-06-02 04:00 AM
Balance of Trade
Apr $3.32B


Related Last Previous Unit Reference
Balance of Trade 3320.00 1280.00 USD Million Mar 2026
Exports 22526.80 22166.80 USD Million Mar 2026
Exports YoY -3.10 1.01 percent Mar 2026
Imports 19205.80 20893.50 USD Million Mar 2026
Imports YoY 1.51 10.85 percent Mar 2026
Tourist Arrivals YoY 10881660.00 1159690.00 Mar 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
3320.00 1280.00 7564.84 -2331.12 1960 - 2026 USD Million Monthly

News Stream
Indonesia Trade Surplus Narrows in March
Indonesia’s trade surplus declined to USD 3.32 billion in March 2026, from USD 4.33 billion in the same month last year, as exports fell while imports rose. Imports grew 1.51% yoy, slowing from 10.85% in February, with oil and gas imports rising 1.34% yoy to USD 3.17 billion, rebounding from a 30.36% plunge in February, while non-oil and gas imports rose 1.54% to USD 16.04 billion. Meanwhile, exports fell 3.1% yoy, marking the first decline since last November, amid disruptions linked to Middle East conflicts. Non-oil and gas exports dropped 2.52%, while oil and gas exports plunged 11.84%, due to sharp falls in crude oil (-34.36%) and oil products (-17.59%). By destination, non-oil and gas exports declined mainly to top trading partners: the US (-12.83%), India (-1.28%), and the EU (-17.63%), while exports to China surged 16.22%. For the first quarter of 2026, the country posted a USD 5.55 billion trade surplus, with exports and imports rising 0.34% and 10.05%, respectively.
2026-05-04
Indonesia Trade Surplus Below Estimates
Indonesia’s trade surplus declined sharply to USD 1.28 billion in February 2026, from USD 3.09 billion in the same month last year, falling below market expectations of USD 1.55 billion. Imports rose 10.85% yoy to USD 20.89 billion, slowing from 18.21% in January. Meanwhile, exports increased 1.01% yoy, easing from a 3.39% rise in January and coming in below expectations of 3.2%, marking the softest growth in exports since last November, when outbound shipments declined. Non-oil and gas exports grew 1.30% to USD 21.09 billion, supported by increases in animal and vegetable fats and oils (16.19%), iron and steel (3.31%), and electrical machinery and equipment, including parts (11.05%). Meanwhile, oil and gas exports dropped 4.25% to USD 1.08 billion, dragged down by sharp falls in crude oil (-34.24%) and declines in natural gas exports (-6.81%). In the first two months of the year, the country posted a USD 6.59 billion trade surplus, with exports rising 2.19% while imports fell 14.44%.
2026-04-01
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