Exports from Indonesia in February fell 7.18 percent year-on-year (y/y) to USD $11.30 billion, much better than analysts' forecasts around -15 percent (y/y). Meanwhile, imports into Indonesia fell 11.71 percent to USD $10.16 billion, roughly in line with earlier estimates. Overall, Indonesia's declining exports and imports imply that both global and domestic economic activity remains weakening.

So far this year, Indonesia's trade balance shows a cumulative surplus of USD $1.15 billion (January-February 2016).