Customs and Excise Revenue Falls 14.7% to Rp44.9 Trillion in February 2026
The Ministry of Finance reported that customs and excise receipts through the end of February 2026 reached Rp44.9 trillion, equivalent to 13.4% of the 2026 State Budget (APBN) target.
Despite accumulating tens of trillions of rupiah, this achievement recorded a contraction of 14.7% compared to the same period in 2025, which had reached Rp52.6 trillion.
Deputy Finance Minister Suahasil Nazara explained that the decline was driven by a shortfall of approximately Rp7 trillion compared to the previous year, influenced by several major factors across various customs sectors.
Excise revenues reached Rp34.4 trillion, or 14.1% of the 2026 APBN target. This sector contracted 13.3% year-on-year, representing a continuation of the slowdown in production activity seen at the end of 2025.
The sharpest decline occurred in export duties, which collected only Rp2.8 trillion or 6.5% of the target. This figure plummeted 48.4% year-on-year, caused by falling prices of crude palm oil (CPO) on the international market.
In contrast to other sectors, import duties showed positive momentum, with receipts of Rp7.8 trillion or 15.6% of the target. This sector managed to grow 1.7% year-on-year, driven by increased national import activity.
Despite the contraction in customs and excise, net tax receipts through February 2026 actually grew sharply by 30.4% year-on-year, reaching a total of Rp245.1 trillion.
Suahasil Nazara expressed optimism that excise revenues would show improvement in March and April 2026. This confidence is based on production increases in January and February that are expected to quickly convert into state revenues.
“We will see; hopefully over the next two months this will improve for excise receipts,” said Suahasil, as reported by Antara on Wednesday (11 March).
Performance in the customs and excise sector through September 2025 remained solid, with revenues of Rp221.3 trillion and effective oversight of illegal goods, including the seizure of 816 million illegal cigarettes and 11.1 tonnes of narcotics.
Finance Minister Purbaya Yudhi Sadewa noted that average Indonesian crude oil prices remain below the assumptions set in the 2026 APBN. He assured that state budget allocations to meet subsidised fuel requirements remain sufficient, although he warned that any oil price increases will result in higher prices for goods and services as well as rupiah depreciation against foreign currencies.
Should oil prices reach USD 120 per barrel, the 2026 APBN deficit is estimated to expand to as much as 3.6%.