FX.co ★ Indonesia Imports Fall the Most in Over A Year

In July 2025, Indonesia experienced a 5.86% year-on-year decline in imports, totaling USD 20.58 billion. This shift marks a reversal from the previous month's 4.28% growth and signifies the first downturn since January. It also represents the most significant contraction in imports since May 2024, underscoring the effects of U.S. tariff barriers and diminishing domestic demand. Non-oil and gas imports decreased by 1.3% to USD 18.06 billion, following a notable 12.1% increase in June. Meanwhile, oil and gas imports continued their downward trend, falling by 29.36% to USD 2.51 billion, impacted by reduced purchases of crude oil (-27.8%) and refined products (-30%). Country-wise, imports from Japan declined by 8.1%, those from South Korea by 13.9%, and from Australia by 33%. Additionally, imports from ASEAN countries decreased by 10.6%, driven by drops from Singapore (-12.2%) and Thailand (-6%). European Union imports dipped by 10.1%, primarily due to a 1.6% reduction in shipments from Germany. In contrast, imports from China increased by 16.2%, those from the U.S. rose by 0.3%, and imports from Taiwan grew by 13.3%. Overall, for the period from January to July, total imports increased by 3.4% to reach USD 136.5 billion.