Indonesia Records US$3.58 Billion Trade Surplus in H1 2026

Indonesia recorded a trade surplus of US$3.58 billion in the first half of 2026. This indicates that the country's exports exceeded its imports during the period. The trade surplus was primarily driven by strong performance in the energy and mineral resources sector, as well as non-oil and gas products. Specifically, global demand for primary commodities such as palm oil, coal, and nickel is believed to have boosted export values. On the import side, measures to protect domestic industries and control consumption appear to have been effective in moderating the overall growth of import values. While the Indonesian economy has been susceptible to fluctuations in the global economy in recent years, this trade surplus is seen as one indicator of the domestic economy's resilience. The central bank anticipates that this surplus will contribute to an increase in foreign exchange reserves and the stability of the Rupiah. However, experts also point to potential risks, including a global economic slowdown and fluctuations in international prices of key export commodities, which could impact future trade balances. There are views that the Indonesian government needs to diversify exports and foster the development of high-value-added products to improve the trade structure.