Indonesia’s March Exports Beat Expectations with $23.25B Surge

Indonesia’s exports rose by 3.16% year-on-year in March 2025, reaching $23.25 billion, according to data released by Statistics Indonesia on Monday. This performance exceeded market expectations, which had forecast a 3.40% decline based on a Reuters poll of economists.

The stronger-than-anticipated growth in exports suggests resilience in Indonesia’s trade sector despite ongoing global economic uncertainties and commodity price fluctuations. Analysts had anticipated weaker figures due to slower global demand and price pressures on major exports such as coal, palm oil, and electronics. However, March’s export growth surprised markets with a notable turnaround compared to February’s subdued numbers.

Indonesia’s trade data remains a critical indicator of its economic health, as exports contribute significantly to the country’s GDP. March’s result may help ease concerns over a weakening trade outlook and offer support to the rupiah amid heightened currency volatility in the region.

Additional trade figures, including imports and the overall goods trade balance, are expected to be released later in the day by Statistics Indonesia. These numbers will provide further clarity on the country’s economic momentum and potential trade surplus or deficit trends.

Economists and market participants will closely monitor these upcoming figures to assess Indonesia’s external sector strength and the potential implications for monetary policy. Continued trade growth could bolster the central bank’s confidence in maintaining current interest rate levels as inflationary pressures persist.

As Southeast Asia’s largest economy, Indonesia’s trade performance plays a vital role in regional market sentiment and investment flows. The March export beat may offer a short-term boost to investor confidence and signal underlying resilience in the country’s export-driven sectors.