Indonesia Exports Hit 9-Month Low

2026-03-02 05:05 By Czyrill Jean Coloma 1 min. read

Exports from Indonesia rose 3.39% year-on-year to a nine-month low of USD 22.16 billion in January 2026, slowing from a ten-month high of 11.64% in December and missing market expectations of 11.07%.

Non-oil and gas exports climbed 4.38% to USD 21.26 billion, supported by strong gains in animal and vegetable fats and oils (46.05%), nickel and articles thereof (42.04%), and electrical machinery and equipment, including parts (16.27%), despite the largest decline being recorded in mineral fuels (-11.85%).

Meanwhile, oil and gas exports plunged 15.62% to USD 0.89 billion, dragged down by sharp drops in natural gas (-19.95%) and crude oil exports, which fell to zero.

These declines more than offset a 5.76% increase in oil product shipments.

By destination, non-oil and gas exports were mainly shipped to China (USD 5.27 billion), the United States (USD 2.51 billion), and India (USD 1.52 billion), with the three markets accounting for a combined 43.77% of Indonesia’s total exports.



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Indonesia Exports Hit 9-Month Low
Exports from Indonesia rose 3.39% year-on-year to a nine-month low of USD 22.16 billion in January 2026, slowing from a ten-month high of 11.64% in December and missing market expectations of 11.07%. Non-oil and gas exports climbed 4.38% to USD 21.26 billion, supported by strong gains in animal and vegetable fats and oils (46.05%), nickel and articles thereof (42.04%), and electrical machinery and equipment, including parts (16.27%), despite the largest decline being recorded in mineral fuels (-11.85%). Meanwhile, oil and gas exports plunged 15.62% to USD 0.89 billion, dragged down by sharp drops in natural gas (-19.95%) and crude oil exports, which fell to zero. These declines more than offset a 5.76% increase in oil product shipments. By destination, non-oil and gas exports were mainly shipped to China (USD 5.27 billion), the United States (USD 2.51 billion), and India (USD 1.52 billion), with the three markets accounting for a combined 43.77% of Indonesia’s total exports.
2026-03-02
Indonesia Export Growth Hits 10-Month High
Exports from Indonesia unexpectedly increased 11.64% year-on-year to an over three-year high of USD 26.35 billion in December 2025, recovering sharply from a 6.6% decline in November and easily beating forecasts of a 2.4% fall, marking the fastest pace since February 2025. Non–oil and gas exports rose 13.72% to USD 25.09 billion, rebounding from a 5.09% decline in November, driven by higher demand from China (13.59%) and the US (13.60%), as well as India (32.66%), ASEAN (4.47%), and the EU (13.17%). Among major commodities, exports increased mainly in animal and vegetable fats and oils (43.53%) and iron and steel (1.34%). By contrast, shipments of mineral fuels, the largest component of non–oil and gas exports, fell 9.79%. Meanwhile, oil and gas exports dropped 18.14%, due to lower crude oil exports (-41.17%), oil products (-18.07%), and gas (-11.85%). For the full year of 2025, total exports rose 6.15% year-n-year to USD 282.91 billion.
2026-02-02
Indonesia Exports Fall the Most in 21 Months
Exports from Indonesia dropped 6.6% year-on-year to a seven-month low of USD 22.52 billion in November 2025, following a 2.31% decline in October and coming in worse than market forecasts of a 0.5% fall. This marked the second consecutive monthly decline and the steepest drop since February 2024. Oil and gas exports slumped 32.88%, while non–oil and gas exports fell 5.09% to USD 21.64 billion after a 0.51% decline in October, driven by weaker demand from China (-7.35%), Japan (-12.34%), India (-30.36%), and the EU (-2.18%). Meanwhile, shipments to the US accelerated to 9.45% from 7.41% in October, despite the imposition of new US tariffs. Among major commodities, exports declined mainly in mineral fuels, the largest component of non–oil and gas exports, which plunged 18.89%, as well as animal and vegetable fats and oils (-18.81%) and iron and steel (-17.14%). Year to date, total exports rose 5.61% year-on-year to USD 256.56 billion.
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