FX.co ★ Indonesia Imports Growth at 9-Month High

Indonesia’s imports jumped 18.21% year-on-year to USD 21.21 billion in January 2026, accelerating from a 10.81% increase in December and handily beating market expectations of a 13.23% rise. This was the fastest annual growth since April 2025.

Non-oil and gas imports grew 16.71% to USD 18.04 billion, supported by stronger purchases of machinery and mechanical appliances and parts (up 12.09%), electrical machinery and equipment and parts (29.54%), and vehicles and their accessories (7.48%).

Oil and gas imports rose even more sharply, surging 27.52% to USD 3.17 billion, driven by a 118.45% spike in crude oil imports and a 1.58% increase in oil product imports.

By country of origin, non-oil and gas imports were dominated by China, which supplied 43.75% of the total, or USD 7.89 billion, followed by Australia (5.92% or USD 1.07 billion) and Japan (5.25% or USD 0.95 billion).