Export Duty Revenue from Gold Remains Minimal

The Directorate General of Customs and Excise of the Ministry of Finance records that export duty revenue from gold exports up to the first quarter of 2026 remains insignificant. “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, 28 April 2026, as reported by Antara. He did not detail the amount of export duty revenue from gold collected so far. However, Djaka explained that one trigger for the still low export duty revenue from gold is the tendency of exporters to hold back from exporting and 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 Ministry of Finance Regulation (PMK) No. 80 of 2025, effective from 17 November 2025. According to Director of Communication and User Guidance of DJBC Nirwala Dwi Heryanto, there is a trend of declining gold export volume 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 flat, Nirwala stated that the policy has a positive impact on the domestic supply of gold commodities. “One function of export duties is to ensure the availability of those commodities domestically,” he said. For note, in PMK 80/2025, the export duty rate for processed bullion gold 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 rate of 7.5 percent to 10 percent. Meanwhile, gold in granular form or other forms is subject to a rate of 10 percent to 12.5 percent, and dore gold is subject to a higher rate of 12.5 percent to 15 percent. The policy aims to maintain domestic gold availability, stabilise prices, and encourage value addition through domestic processing and deepening of the national financial sector. DJBC also recently foiled an illegal export attempt of 190.56 kilograms of gold, preventing potential state losses of Rp41.19 billion. The total value of all goods is 28.35 million US dollars or equivalent to Rp502.55 billion.