Due to rising commodity prices Indonesia saw its export performance surge in January 2017. According to the latest data from Indonesia's Statistics Agency (BPS), Indonesia's exports grew 27.71 percent year-on-year (y/y) to USD $13.38 billion from the same month one year earlier, the fastest pace of export value growth since September 2011 and also exceeding analysts' estimates. This export growth was particularly attributed to higher prices of coal and crude palm oil (CPO).
Meanwhile, Indonesia's imports grew 14.45 percent (y/y) to USD $11.99 billion in January 2017, roughly in line with analysts' estimates. Thus, Indonesia posted a USD $1.40 billion trade surplus in the first month of 2017, the country's largest trade surplus since more than three years ago.
Indonesia's Trade Surplus/Deficit (in million US dollar):
Source: Statistics Indonesia (BPS)
Indonesia's Balance of Trade: