DJBC states export duty revenue from gold remains sluggish

Jakarta (ANTARA) - The Directorate General of Customs and Excise (DJBC) of the Ministry of Finance states that revenue from export duties on gold remains sluggish up to the first quarter of 2026.

“Up to now, the value we can collect from export duties on gold is still very minimal,” said Director General of Customs and Excise Djaka Budhi Utama during a press conference at the DJBC Head Office in Jakarta on Tuesday.

He did not detail the amount of export duty revenue on gold collected to date.

However, Djaka explained that one trigger for the continued sluggishness in export duty revenue on gold is the tendency of exporters to hold back from exporting and instead sell gold only to domestic producers, such as PT Aneka Tambang Tbk.

This behaviour has been observed since the imposition of export duties on gold, as regulated in Minister of Finance Regulation (PMK) Number 80 of 2025, which has been in effect since 17 November 2025.

According to DJBC’s Director of Communication and User Guidance, Nirwala Dwi Heryanto, there has been a trend of declining gold export volumes from January to March 2026.

During that period, the gold export volume was recorded at 44.5 kilograms, far lower than the 2025 full-year export volume of 15.3 tonnes.

Although export duty revenue is sluggish, Nirwala stated that the policy has had a positive impact on the domestic supply of gold commodities.

“One of the functions of export duties is to ensure the availability of that commodity domestically,” he said.

For the record, PMK 80/2025 stipulates that the export duty tariff for processed gold bars such as minted bars is set at 7.5 percent to 10 percent.

Gold or gold alloys in the form of nuggets, ingots, and cast bars are subject to a tariff of 7.5 percent to 10 percent.

Meanwhile, gold in granular form or other forms is subject to a tariff of 10 percent to 12.5 percent, and gold dore is subject to a higher tariff of 12.5 percent to 15 percent.

The policy aims to maintain gold availability domestically, stabilise prices, and encourage value addition through domestic processing and deepening of the national financial sector.

DJBC has also recently foiled an illegal export attempt of 190.56 kilograms of gold, preventing a potential state loss of Rp41.19 billion. The total value of all goods is 28.35 million US dollars or equivalent to Rp502.55 billion.