FX.co ★ Indonesia Import Growth Beats Forecasts

Indonesia’s imports rose 22.16% year-on-year to USD 24.81 billion in May 2026, beating market expectations of 19.5%. The pace of growth eased slightly from April’s 22.49% increase, which had been the fastest expansion since August 2022. The strong import performance reflected government measures to bolster domestic demand, alongside higher global oil prices. Oil and gas imports surged 70.78% to USD 4.51 billion, after an even sharper 82.52% jump in April. In comparison, non-oil and gas imports increased 14.69% year-on-year to USD 20.30 billion.