Indonesia Imports Fall the Most in 14 Months

Indonesia’s imports shrank 5.86% yoy to USD 20.58 billion in July 2025, swinging from a 4.28% growth in the prior month and marking the first decline since January.

It was also the steepest contraction in purchases since May 2024, reflecting the spillover impact of U.S.

tariff barriers and weaker domestic demand.

Non-oil and gas imports fell 1.3% yoy in July to USD 18.06 billion, reversing a 12.1% surge in June.

Oil and gas imports extended their decline (-29.36% vs 32.07%) to USD 2.51 billion, weighed by lower purchases of crude oil (-27.8%) and refined products (-30%).

By country, imports dropped from Japan (-8.1%), South Korea (-13.9%), and Australia (-33%).

Purchases from ASEAN partners also fell 10.6%, led by Singapore (-12.2%) and Thailand (-6%).

Imports from the EU slipped 10.1%, largely due to lower shipments from Germany (-1.6%).

In contrast, imports grew from China (16.2%), the U.S.

(0.3%), and Taiwan (13.3%).

For January–July, total imports rose 3.4% to USD 136.5 billion.