Indonesia Imports YoY

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.

Indonesia’s imports rose 4.28% yoy to USD 19.33 billion in June 2025, slightly above the 4.14% expansion in the previous month but missing market expectations for a 6.5% increase. Still, it marked the fifth straight month of import growth, ahead of a key trade agreement where Washington lowered the threatened U.S. tariff rate to 19% from 32%, finalized just before the August 1 deadline. Non-oil and gas imports picked up sharply (12.07% vs 5.44% in May) to USD 17.11 billion. On the other hand, oil and gas imports tumbled (-32.07% vs -3.8%) to USD 2.22 billion, dragged by lower purchases of crude oil (-48.27%) and oil products (-23.56%). By country, imports grew from China (27.36%), the U.S. (38.13%), Japan (3.10%), Taiwan (43.25%), and Australia (13.99%). Purchases from ASEAN countries also rose 10.07%. In contrast, arrivals fell from South Korea (-15.49%), India (-1.78%), and the EU (-7.4%). During the first half of the year, imports increased 5.25% to USD 115.94 billion.

Indonesia's imports rose 4.14% yoy to USD 20.31 billion in May 2025, defying market expectations for a 0.1% decline. The increase marked a fourth straight month of growth, buoyed by the effects of a 90-day trade truce on U.S. tariffs. However, the latest figure was a marked slowdown from April’s 21.84% surge, the sharpest increase in almost three years, due to subdued activity during public holidays. Non-oil and gas imports continued to gain (5.44% vs 29.86% in April) to USD 17.67 billion. Meanwhile, oil and gas imports shrank much slower (-3.8% vs -15.57%) to USD 2.64 billion, mainly dragged by lower purchases of crude oil (-12.34%). By country, imports were higher from China (20.05%), Japan (22.45%), South Korea (3.61%), and Taiwan (42.57%). In contrast, purchases from the U.S. slumped 11.72%. Imports from ASEAN fell 2.38%, weighed by Thailand (-13.89%). Also, arrivals from the EU plunged 23.85%, notably from Germany (-10.30%). Year-to-date, imports added 5.45% to USD 96.60 billion.