Indonesia’s trade balance strengthened markedly in March 2026, with the surplus rising to $3.32 billion, up from $1.28 billion recorded in February 2026. The figures, updated on 4 May 2026, point to a significant month-on-month expansion in Indonesia’s external trade position.
The more than doubling of the trade surplus suggests a notable shift in the balance between exports and imports over the period, indicating either stronger export performance, softer import demand, or a combination of both. While the underlying drivers are not detailed in the latest release, the headline data for March underline a firmer trade backdrop for Southeast Asia’s largest economy early in 2026.
The March outcome extends Indonesia’s run of positive trade balances, reinforcing the country’s external buffer and potentially providing additional support to the currency and fiscal outlook if the trend is sustained in subsequent months.
