Indonesia Exports YoY

Exports from Indonesia climbed 9.86% year-on-year to USD 24.75 billion in July 2025, easing from 11.29% in June, as front-loading slowed following the US-Indonesia trade deal. Under the agreement reached in July, Indonesia agreed to a reciprocal tariff rate of 19%, lower than the previously threatened 32%. Non-oil and gas exports increased by 12.83% to USD 23.81 billion, with notable sales growth to the US (38.88%) and China (6.54%). Among major commodities, exports rose mainly for animal/vegetable fats and oils (82.72%) and iron & steel (13.34%). In contrast, exports of mineral fuels—the largest component of non-oil and gas exports—slumped by 23.76%. Meanwhile, oil and gas exports plunged by 34.13%, weighed by crude oil (-39.79%), oil products (-33.71%), and natural gas (- 32.94%). For the first seven months of 2025, total exports advanced by 8.03% yoy to USD 160.16 billion.

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.

Indonesia will offer to step up purchases of aircraft by state carrier Garuda Indonesia and wheat by instant noodle giant Indofood in tariff talks with the United States, Reuters reported. Chief Economics Minister Airlangga Hartarto, who is also Indonesia’s lead negotiator, said the government has proposed near-zero tariffs on key American exports—including agricultural products—which currently face tariffs of between 0% and 5%. Jakarta is facing a 32% tariff in US markets. It previously said it would sign a USD 34 billion pact with US partners next week, which includes commitments to buy more US goods as well as investments by Indonesian companies in the United States. Susiwijono Moegiarso, a senior official with Indonesia's Coordinating Ministry for Economic Affairs, said Jakarta has requested preferential tariffs from the US on Indonesia's main exports, including electronics, textiles, and footwear.