Indonesia Export Growth Hits 4-Month High

Exports from Indonesia increased 11.29% yoy to USD 23.44 billion in June 2025, marking the strongest growth since February but falling short of expectations of 12.2%. The pace of expansion accelerated from 9.68% in May, as factories rushed to ship goods ahead of the US tariff deadline in August. Last month, the US and Indonesia reached a trade deal under which Indonesia agreed to pay a reciprocal tariff rate of 19%, lower than the previously threatened 32%. Non-oil and gas exports grew by 12.61% to USD 22.33 billion, with notable sales growth to the US (33.49%) and China (8.30%). Among major commodities, exports increased mainly for animal/vegetable fats and oils (22.05%) and iron & steel (3.69%). In contrast, exports of mineral fuels—the largest component of non-oil and gas exports—plunged by 32.78%. Meanwhile, oil and gas exports fell by 9.85%, weighed by crude oil (-45.67%) and natural gas (- 25.53%). For H1 of 2025, total exports rose by 7.70% yoy to USD 135.41 billion.