FX.co ★ Indonesia Swings Back to Trade Surplus in July, Easing External Pressure

Indonesia’s trade balance returned to surplus territory in July 2026, providing a modest but notable improvement in the country’s external position. According to the latest data updated on 1 September 2026, the trade balance moved to a surplus of 0.13 billion USD in July, reversing a deficit of 0.45 billion USD recorded in June 2026.

The shift from deficit to surplus suggests a rebalancing in Indonesia’s trade flows over the month, likely reflecting either stronger export performance, a pullback in imports, or a combination of both. While the surplus remains relatively small in absolute terms, the turnaround from June’s negative reading may help ease short‑term concerns over external vulnerabilities and could support a more stable outlook for the country’s balance of payments in the near term.

Market participants and policymakers will be watching subsequent releases closely to determine whether July’s surplus marks the beginning of a more sustained improvement in Indonesia’s trade dynamics or a temporary adjustment following June’s shortfall.