Indonesia Exports Fall the Most in 6 Months

2026-07-01 04:35 By Chusnul Chotimah 1 min. read

Indonesia's exports unexpectedly plunged 5.73% year-on-year to USD 23.20 billion in May 2026, reversing sharply from a 21.98% jump in April, which marked the strongest growth since August 2022, and defying market forecasts of a 6.4% increase.

It was the second decline in exports this year and the steepest fall since November.

Oil and gas exports plunged 31.76%, largely due to a sharp decline in crude oil (-100.0%) and natural gas (-44.57%) exports.

Non-oil and gas exports fell 4.50% to USD 22.45 billion, weighed down by declines in animal and vegetable fats and oils (-14.23%), iron and steel (-14.68%), and electrical machinery and equipment, including parts (-16.88%).

By destination, non-oil and gas exports fell mainly to key trading partners, including the US (-6.24%), India (-24.21%), and ASEAN (-1.04%).

For the first five months of 2026, exports grew 3.02% to USD 115.36 billion.



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Indonesia Exports Fall the Most in 6 Months
Indonesia's exports unexpectedly plunged 5.73% year-on-year to USD 23.20 billion in May 2026, reversing sharply from a 21.98% jump in April, which marked the strongest growth since August 2022, and defying market forecasts of a 6.4% increase. It was the second decline in exports this year and the steepest fall since November. Oil and gas exports plunged 31.76%, largely due to a sharp decline in crude oil (-100.0%) and natural gas (-44.57%) exports. Non-oil and gas exports fell 4.50% to USD 22.45 billion, weighed down by declines in animal and vegetable fats and oils (-14.23%), iron and steel (-14.68%), and electrical machinery and equipment, including parts (-16.88%). By destination, non-oil and gas exports fell mainly to key trading partners, including the US (-6.24%), India (-24.21%), and ASEAN (-1.04%). For the first five months of 2026, exports grew 3.02% to USD 115.36 billion.
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Indonesia's exports surged 21.98% year-on-year to a four-month high of USD 25.30 billion in April 2026, rebounding sharply from a 3.1% decline in March and far exceeding market forecasts of 8.8%, marking the strongest growth since August 2022. Non-oil and gas exports surged 23.36% to USD 24.15 billion, boosted by increases in animal and vegetable fats and oils (66.59%), mineral fuels (12.34%), iron and steel (8.10%), and electrical machinery and equipment, including parts (11.10%). Meanwhile, oil and gas exports fell 1.20% to USD 1.16 billion, due to sharp declines in crude oil (-34.54%) and natural gas (-13.28%). By destination, non-oil and gas exports increased mainly to key trading partners: the US (38.72%), China (29.56%), Japan (10.03%), and ASEAN countries (13.26%). For the first four months of 2026, exports grew 5.48% to USD 92.15 billion.
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