Indonesian Political, Business & Finance News

Precious metals become Jakarta's leading export commodity in the first quarter of 2026

| Source: ANTARA_ID Translated from Indonesian | Trade
Precious metals become Jakarta's leading export commodity in the first quarter of 2026
Image: ANTARA_ID

Jakarta (ANTARA) - The Central Statistics Agency (BPS) of DKI Jakarta recorded that precious metals and jewellery or gems became Jakarta’s leading export commodities with the largest market share of 26.08% in January-March 2026. “This sector shows a very impressive surge in export value, growing by 46.90% in the first quarter of 2026 (compared to the previous quarter),” said the Head of BPS DKI Jakarta, Kadarmanto, in Jakarta on Monday. This positive trend is followed by vehicle and parts commodities, which contribute 16.35% to total exports with a recorded increase of 13.09%. In contrast, challenges are evident in the footwear sector, which, although contributing 16.13% to DKI’s total exports, had to experience a contraction in export value of 8.40%. “The dynamics in these three commodity groups reflect Jakarta’s export structure, which is heavily influenced by fluctuations in global demand,” said Kadarmanto. Meanwhile, based on the main export destination countries during January to March 2026, Thailand became Jakarta’s main export market share with a contribution of 23.73%. Exports to Thailand were massively dominated by precious metals and jewellery or gems, which recorded growth of 164.60%, followed by mechanical equipment machines and vehicles and parts, namely 19.41% and 10.43% respectively. The next main export destination countries, namely the United States, which contributed 11.21%, and China with a share of 8.87% of Jakarta’s total exports. The US market recorded the highest absorption of footwear products, fisheries and molluscs, as well as clothing and accessories. Meanwhile, animal or vegetable fats and oils became the main driver of exports to China with growth of 12.81%, followed by footwear which also recorded significant positive performance in the first quarter of this year, namely growing by 13.72%. “At the regional level, Malaysia, Japan, and the Philippines also strengthen the international trade network with contributions of 5.21%; 4.89%; and 4.46% respectively,” said Kadarmanto.

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