Five Countries Exempted from Indonesia's Natural Resource Export Proceeds Rule

Jakarta, CNBC Indonesia – The Coordinating Ministry for Economic Affairs has revealed an addition to the list of export destination countries exempted from the latest requirement to retain natural resource export proceeds (DHE SDA) domestically.

Susiwijono Moegiarso, Secretary of the Coordinating Ministry for Economic Affairs, said there are now five countries granted exemption from the DHE SDA obligation.

“Regarding the countries granted exemption from the DHE obligation, there are roughly five countries; the Coordinating Minister (Airlangga) will later issue the letter,” Susiwijono told reporters at his office on Friday (24/7/2026).

Previously, the exemption list covered only four countries: the United States, China, Australia and Canada. One more has now been added: Hong Kong.

“If I’m not mistaken, its affiliation is still with China — it’s Hong Kong — but Hong Kong is separate as a special administrative region, although overall it still falls under China (the People’s Republic of China),” Susiwijono continued.

He explained that the five countries were chosen because they are recorded as partners with the largest investment and export values into Indonesia.

“Those five countries are the largest investors and the largest exporters to us in Indonesia,” he said.

In Force Since 1 June 2026

The latest DHE rules have been in force since 1 June 2026. The expanded list of countries exempted from the DHE requirement is the result of a limited coordination meeting held at the Coordinating Ministry for Economic Affairs. Previously, under Government Regulation (PP) Number 21 of 2026, the exemption list applied only to the United States.

For context, under the current rules, 100% of DHE SDA must be parked with the Association of State-Owned Banks (Himbara), with a retention requirement of 30% for three months for the oil and gas sector and 100% for 12 months for the non-oil and gas sector, held in special accounts.

Relaxation for FTA Trade Partners

However, the government grants flexibility on the placement of DHE SDA for exporters from countries that are Indonesia’s trade partners, whether under bilateral agreements or free trade agreements (FTA).

This means mining-sector natural resource exporters from countries that already have an FTA with Indonesia are permitted to place part of their DHE retention outside Himbara. Under this scheme, exporters from partner countries may place a retention of 30% with a minimum duration of three months at non-Himbara banks.

“The banks can be Himbara and non-Himbara,” said Coordinating Minister for Economic Affairs Airlangga Hartarto when met at the Ali Wardhana Building on Thursday (23/7/2026).

Despite granting flexibility on the receiving banks, the government affirmed that the obligation to fully repatriate DHE SDA into the domestic financial system remains in place. All natural resource exporters are still required to bring in 100% of their export proceeds to Indonesia under the new provisions.

In detail, non-oil and gas exporters must place 100% of their DHE retention in special accounts domestically for at least 12 months. Meanwhile, oil and gas sector exporters must place a minimum retention of 30% with a tenor of at least three months.