Indonesia Trade Trends January 2026

According to data from Statistics Indonesia, the country’s exports expanded by 3.4 per cent year-on-year to USD 22.2 billion in January 2026, while imports rose by 18.2 per cent to USD 21.2 billion during the same period.

Southeast Asia’s largest economy recorded a trade surplus of USD 0.9 billion in January.

Indonesia’s trade surplus was primarily fueled by non-oil and gas commodities such as vegetable oils, mineral fuels, and nickel products. The largest surpluses were recorded with China, Australia and France.

Export growth was mainly driven by the manufacturing sector, including key commodities such as iron and steel, crude palm oil, and agriculture products.

In January, the top trading partner with Indonesia were the US, followed by Philippines.

In its latest outlook, the International Monetary Fund estimated Indonesia’s GDP growth rate at 5.1 per cent for 2026.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten member states, comprising 667 million people and covering a territory of 4.5 million km². It is currently the third-largest economy in the Asia-Pacific region and the fifth-largest in the world. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, based on 2025 estimates.