Indonesia’s export performance continues to show resilience and strategic diversification, with total exports reaching US$185.13 billion from January to August 2025—a 7.72% increase year-on-year. While oil and gas exports declined, non-oil sectors surged, led by manufacturing and agriculture. This shift underscores Indonesia’s evolving trade dynamics and growing competitiveness in global value chains.
Key Facts & Background:
- Total Exports (Jan–Aug 2025):
- US$185.13 billion, up 7.72% compared to the same period in 2024
- Oil & Gas (Migas) Exports:
- US$9.04 billion, down 14.14% year-on-year
- Non-Oil & Gas (Non-Migas) Exports:
- US$176.09 billion, up 9.15%
- Sectoral Contributions to Non-Migas Growth:
- Manufacturing sector: +12.26% contribution
- Key products:
- Palm oil
- Non-ferrous base metals
- Agricultural-based organic chemicals
- Jewelry and precious goods
- Semiconductors and electronic components
- Key products:
- Agricultural sector also showed positive growth
- Manufacturing sector: +12.26% contribution
- Export Destinations:
- China: US$40.44 billion, up 8.68%
- United States, ASEAN, and European Union: cumulative increases
- India: cumulative decline in export value
Strategic Insights:
Indonesia’s export trajectory in 2025 reflects a strategic pivot toward value-added sectors and diversified markets. The robust growth in non-oil exports—particularly from manufacturing and agriculture—signals a maturing economy that is less reliant on volatile commodity cycles. Products like semiconductors, electronics, and processed agricultural chemicals indicate deeper integration into global supply chains and rising technological capacity.
The decline in oil and gas exports, while notable, may reflect global energy transitions, price fluctuations, and domestic prioritization of downstream processing. This shift offers Indonesia an opportunity to reallocate resources toward more sustainable and scalable export sectors, aligning with long-term industrial policy and environmental goals.
China’s position as the top export destination reinforces its role as a critical trade partner, but the simultaneous growth in exports to the US, ASEAN, and EU suggests Indonesia’s expanding global footprint. The decline in exports to India may warrant closer analysis—potentially linked to trade barriers, shifting demand, or competitive pressures.