August 6, 2025 | 07:17 pm
TEMPO.CO, Jakarta - The Central Statistics Agency (BPS) reported that the export of goods and services grew by 10.67% annually in the second quarter of 2025. According to Finance Minister Sri Mulyani Indrawati, this growth was driven by a "front-loading" strategy, where exporters shipped goods ahead of reciprocal tariffs from the United States.
"[We adopted the strategy] while it was just announced and not yet implemented, because the implementation will be on the 7th of August. There were many export orders placed before the tariff increase, even after the announcement," said Sri Mulyani during a press conference on second-quarter economic growth at the Coordinating Ministry for Economic Affairs office in Jakarta on Tuesday, August 5, 2025.
The state treasurer noted that the government remains cautious about the effects of the lower 19% tariff. The government also hopes that the current economic growth momentum will be sustained through the third and fourth quarters of the year.
Previously, Moh. Edy Mahmud, Deputy for Balance of Payments and Statistics Analysis at BPS, stated that Indonesia's economy, based on Gross Domestic Product (GDP), reached Rp5,947 trillion at current prices and Rp3,396.3 trillion at constant 2010 prices for the second quarter of 2025.
"Therefore, Indonesia's economic growth in the second quarter of 2025, compared to the second quarter of 2024, or on a year-on-year basis, grew by 5.12%," Edy said in a press conference on Tuesday, August 5, 2025.
Based on BPS data, the 10.67% export growth contributed 22.28% to the GDP and accounted for 2.43 percentage points of the total 5.12% economic growth. From the expenditure side, Edy said that significant growth occurred in both the export and import components. "Export growth was driven by an increase in the value of non-oil and gas exports and foreign tourist visits," he added.
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