Exports from Indonesia dropped 6.6% year-on-year to a seven-month low of USD 22.52 billion in November 2025, following a 2.31% decline in October and coming in worse than market forecasts of a 0.5% fall. This marked the second consecutive monthly decline and the steepest drop since February 2024. Oil and gas exports slumped 32.88%, while non–oil and gas exports fell 5.09% to USD 21.64 billion after a 0.51% decline in October, driven by weaker demand from China (-7.35%), Japan (-12.34%), India (-30.36%), and the EU (-2.18%). Meanwhile, shipments to the US accelerated to 9.45% from 7.41% in October, despite the imposition of new US tariffs. Among major commodities, exports declined mainly in mineral fuels, the largest component of non–oil and gas exports, which plunged 18.89%, as well as animal and vegetable fats and oils (-18.81%) and iron and steel (-17.14%). Year to date, total exports rose 5.61% year-on-year to USD 256.56 billion.