Indonesia Exports Unexpectedly Rise in March
2025-04-21 04:13
By
Chusnul Chotimah
1 min. read
Exports from Indonesia unexpectedly grew by 3.16% year-on-year to a three-month high of USD 23.25 billion in March 2025, beating forecasts of a 3.4% fall, despite easing from a marginally revised 13.86% jump in February.
This marked the 12th straight month of export growth, though it was the softest pace since last June as non-oil and gas exports rose by 2.56% to USD 21.80 billion, slowing sharply from a 15.40% surge in February.
Sales grew to the U.S.
(20.06%), China (9.51%), ASEAN (6.82%), and the EU (21.52%).
Among commodities, sales increased mainly for animal/vegetable fats and oils (48.25%), iron and steel (11.84%), and machinery and equipment, mechanics, and parts thereof (19.94%).
By contrast, sales of mineral fuels, the largest contributor to non-oil exports, slumped 21.91%.
Meanwhile, oil and gas exports surged by 13.05% to USD 1.45 billion, boosted by a jump in oil products (18.03%) and natural gas (13.10%).
For Q1 of 2025, exports rose by 6.93% yoy to USD 66.62 billion.