Indonesia's Exports Rise 9.68% in May, Driven by Palm Oil and Steel Shipments
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JAKARTA, Investortrust.id — Indonesia’s exports grew 9.68% year-on-year in May 2025 to reach $24.61 billion, according to Statistics Indonesia, as strong performances in palm oil, steel, and electronics helped offset a steep decline in mining shipments.
Deputy for Distribution and Services Statistics at Statistics Indonesia (BPS), Pudji Ismartini, said the rise was driven mainly by non-oil and gas exports, which increased 11.8% to $23.5 billion. In contrast, oil and gas exports fell 21.71% to $1.11 billion.
“Exports of animal and vegetable fats and oils surged 63.01%, contributing 4.05 percentage points to the overall growth,” Pudji said during a press briefing on Tuesday, July 1. “Shipments of iron and steel rose 27.58% and contributed 2.7 points, while exports of electrical machinery and equipment climbed 45.11% with a 2.58-point contribution.”
The manufacturing sector underpinned most of the increase. Non-oil and gas exports from this sector jumped 20.4% year-on-year to $19.76 billion, driven by higher shipments of palm oil, non-ferrous base metals, jewelry and precious goods, semiconductors, and organic chemicals derived from agricultural inputs.
The fastest-growing sector was agriculture, forestry, and fisheries, which recorded a 59.46% rise in export value to $630 million. However, mining exports continued to decline, plunging 26.2% to $3.11 billion.