Indonesia Import Growth Slows to 5-Month Low

Indonesia's imports grew 19.09% yoy to USD 23.06 billion in August 2026, falling short of expectations of a 31.7% surge and easing from a 27.02% jump in July, marking the softest increase since March. Oil and gas imports surged 30.73% year-on-year to USD 3.53 billion, boosted by higher imports of oil products (51.83%), while crude oil imports fell 6.25%. Non-oil and gas imports grew 17.20% year-on-year to USD 19.53 billion, mainly supported by higher purchases of machinery and mechanical appliances and parts thereof (7.60%), electrical machinery and equipment and their parts (26.50%), and plastics and plastic products (17.94%). Among trading partners, non-oil and gas imports were primarily sourced from China, with imports jumping 18.16%, followed by the US (8.04%) and Japan (1.69%). By contrast, imports from the EU and ASEAN fell 9.19% and 4.61%, respectively. For the first eight months of the year, imports climbed 19.84% to USD 186.39 billion.

Indonesia's imports surged 27.02% yoy to a record high of USD 26.09 billion in July 2026, exceeding expectations of 24.1% growth but slowing from a 34.27% increase in June, which was the strongest import growth since July 2022, amid higher oil prices. Oil and gas imports soared 49.91% year-on-year to USD 3.77 billion, boosted by higher imports of oil products (49.11%) and crude oil (51.68%). Non-oil and gas imports jumped 23.83% year-on-year to USD 22.33 billion, mainly supported by higher purchases of machinery and mechanical appliances and parts thereof (10.58%), electrical machinery and equipment and their parts (37.13%), and plastics and plastic products (19.96%). Among trading partners, non-oil and gas imports were primarily sourced from China, with imports surging 23.49%, followed by the US (13.10%) and Japan (0.46%), while imports from the EU and ASEAN rose 26.32% and 4.88%, respectively. For the first seven months of the year, imports advanced 19.94% to USD 163.33 billion.

Indonesia's imports jumped 34.27% year-on-year to a record high of USD 25.91 billion in June 2026, exceeding expectations of 25.3% and accelerating from a 22.16% increase in May. It marked the strongest import growth since July 2022, amid higher oil prices. Oil and gas imports soared 105.15% year-on-year to USD 4.56 billion, boosted by higher imports of oil products (73.37%) and crude oil (194.56%). Meanwhile, non-oil and gas imports jumped 25.05% year-on-year to USD 21.35 billion, mainly driven by higher purchases of machinery and mechanical appliances and parts thereof (19.60%), electrical machinery and equipment and their parts (46.39%), and plastics and plastic products (49.19%). Among trading partners, non-oil and gas imports were primarily sourced from China, with imports surging 38.78%, followed by Japan (6.66%), the US (99.38%), the EU (14.47%), and ASEAN (11.44%). For the first half of the year, imports increased 18.69% to USD 137.24 billion.