Indonesia's Consumer Goods Imports Plunge 11%, Demand for Vehicles and Machinery Slumps

Jakarta, CNBC Indonesia - The value of consumer goods imports experienced a significant decline of 10.81% (year-on-year/yoy) to US$1.55 billion in March 2026.

Deputy for Distribution and Services Statistics at the Central Statistics Agency (BPS), Ateng Hartanto, revealed that the slump in consumer goods imports was driven by decreases in the value of several commodities.

According to BPS, consumer commodities with declining import values in March 2026 included vehicles and parts, electrical machinery and equipment, and pharmaceutical products.

“Commodities that experienced declines for consumer goods include first, vehicles and parts HS87, down by 46.69%. Then imports of machinery and electrical equipment and parts HS85, down by 50.93%, and pharmaceutical products HS30, down 18.30%,” said Ateng during the Statistical Data Release Press Conference at the BPS Building, Jakarta, on Monday (4/5/2026).

Overall, BPS recorded total Indonesian imports at US$19.21 billion, or up 1.51% (year-on-year/yoy) in March 2026. Meanwhile, total oil and gas imports reached US$3.17 billion, up 1.34% annually (yoy). Non-oil and gas imports amounted to US$16.04 billion, up 1.54% (yoy). Overall, annual imports were mainly driven by non-oil and gas with a contribution of 1.29%.

“The March 2026 condition shows a year-on-year decline in consumer goods imports of 10.81% (yoy). Imports of raw materials/auxiliaries as the main driver rose 2.15% with a contribution of 1.53%. The value of capital goods imports rose 4.98%,” said Ateng.

Meanwhile, Indonesia’s cumulative import value up to March 2026 stood at US$61.30 billion, or up 10.05% from the same period the previous year.

Cumulatively, import increases occurred across all usage groups. The main contributor was raw materials/auxiliaries at US$43.17 billion, up 6.89% throughout January-March 2026. This increase was lower compared to the same period last year, which rose by 5%.