Indonesia: Merchandise trade surplus narrows in January
Latest reading: In January, the trade balance was USD +2.3 billion, following a USD +3.2 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD +48.3 billion. This was the smallest surplus since April 2025.
Merchandise exports increased 3.9% in year-on-year terms in January, coming on the back of a 11.8% rise in the prior month. Meanwhile, merchandise imports grew 13.4% in year-on-year terms in January, coming on the back of 13.0% growth in the prior month. January’s reading was the strongest since April 2025.