FX.co ★ Indonesia’s Export Growth Cools Sharply to 3.39% in January YoY

Indonesia’s export growth lost momentum at the start of 2026, with year-over-year expansion slowing to 3.39% in January, down sharply from 11.64% in December 2025. The latest data, updated on 2 March 2026, highlights a notable deceleration in external demand or pricing conditions after a strong year-end performance.

On a year-over-year basis, the January figure reflects how much exports grew compared with January a year earlier, while December’s 11.64% reading showed the change versus December a year earlier. The step down from double-digit growth to a low single-digit pace suggests a cooling export environment, which could weigh on Indonesia’s overall economic momentum if the trend persists.

Analysts and market participants will be watching upcoming monthly data closely to determine whether January marks the beginning of a softer export cycle or a temporary pause following the robust gains recorded at the end of 2025.