Indonesia Imports Jewellery Gold from Australia, Up 646% in Early Year

Indonesia’s imports of precious metals, including gold, and jewellery have experienced a rapid increase. Specifically, these imports have risen sharply from Australia, Indonesia’s neighbouring country in the Pacific region, during the first two months of this year.

The Central Statistics Agency (BPS) recorded that this rise in gold and jewellery imports has also driven the raw or auxiliary materials import group for the January-February 2026 period. Cumulatively, the value for that import group reached US$29.40 billion, marking a growth of 9.27% from the same period last year at US$26.91 billion.

“Imports of auxiliary raw materials that rose quite significantly, especially here precious metals and jewellery or gems HS71,” said Deputy for Distribution and Services Statistics at BPS, Ateng Hartono, during a press conference on Wednesday (1/4/2026).

The value of imports in the raw or auxiliary materials usage group became the largest cumulatively, while the rest for consumer goods was US$3.60 billion from previously US$3.11 billion, and capital goods US$9.10 billion from previously US$6.77 billion.

One of the countries serving as the origin of imports for precious metals and jewellery or gem commodities to Indonesia up to February 2026 is Australia. The value amounted to US$865.74 million for the January-February 2026 period. That import value rose by around 646% compared to the same period last year, with a share from the total product imports originating from Australia reaching 41.84%.

“Non-oil and gas imports from Australia were recorded at US$2.07 billion, mainly dominated by imports of precious metals and jewellery with HS71, so quite a lot of precious metal jewellery from Australia, even growing very high at 646% on a year-on-year basis,” Ateng emphasised.