In June 2025, Indonesia’s export performance hit a notable milestone, reaching USD 23.44 billion, representing an 11.29% year-on-year growth compared to the same month in 2024. The surge was largely propelled by the vegetable fats and oils sector, specifically palm oil (CPO), which grew approximately 22.05% YoY and emerged as a key contributor to the non-oil-and-gas export increase. Precious metals also experienced a longer expansion, with exports rising by more than 100%, further boosting non-migas export performance. Despite these gains in value, monthly shipment volumes witnessed fluctuations—attributed to market shifts and international price volatility.
Trade negotiations with the United States in July 2025 eased the threat of a 32% tariff to 19%, though exemptions for certain products are still under discussion. Fiscal policy adjustments, via ministerial regulation, have set export levies on select palm oil products at 4.5% to 10%. These funds, managed by BPDPKS, help offset price disparities between CPO and diesel in the biodiesel program, affecting producers' cost structures. Industry stakeholders anticipate rising biodiesel demand ahead of the B50 mandate, underscoring the need for increased production capacity and enhanced traceability systems to comply with the EU Deforestation Regulation rolling out through 2025–2026.
