A Bank Mandiri report indicates that the prices of several goods are facing increased pressure due to the weakening of the Indonesian Rupiah against the US dollar. This is because these goods have a higher proportion of imported components.
"The impact of a 10% depreciation of the Rupiah on the total costs of companies in the manufacturing sector," Bank Mandiri wrote in a research report received by *Databoks* on Tuesday (April 8, 2025).
According to Bank Mandiri's research, the highest impact falls on goods from the computer, electronics, and optics industry, which have an import content of 47.1% of total costs. This could lead to a total product price increase of 4.7%.
Next is electrical equipment with import content up to 39%, resulting in a total product cost increase of 3.9%.
Other transportation equipment is also on this list with an import content of 36.9%. The total increase is 3.7%.
Ready-made garments also feature, with import content up to 32.1%. The total increase is 3.2%.
Furthermore, goods from the pharmaceutical, base metals, leather, and chemical industries are included in the top 10.
It should be noted that the Bank Mandiri research team calculated the total cost using the 2021 cost as a reference. The percentage of imports in the total cost and imported cost uses the average from 2011-2021. The assumption is an average annual Rupiah depreciation of 10%.
This data is processed from the 2021 Statistics of Large and Medium Industries from the Central Statistics Agency (BPS).
Here is a breakdown of goods from industries impacted by the Rupiah depreciation:
* Computers, electronics, and optics
% import content of total cost: 47.1%
% increase in total cost: 4.7%
* Electrical equipment
% import content of total cost: 39%
% increase in total cost: 3.9%
* Other transportation equipment
% import content of total cost: 36.9%
% increase in total cost: 3.7%
* Ready-made garments
% import content of total cost: 32.1%
% increase in total cost: 3.2%
* Pharmaceuticals, chemical drugs, and traditional medicine
% import content of total cost: 31.8%
% increase in total cost: 3.2%
* Base metals
% import content of total cost: 31.4%
% increase in total cost: 3.1%
* Leather, leather goods, and footwear
% import content of total cost: 31.1%
% increase in total cost: 3.1%
* Other processing
% import content of total cost: 30.6%
% increase in total cost: 3.1%
* Motor vehicles, trailers, and semi-trailers
% import content of total cost: 30.3%
% increase in total cost: 3%
* Chemicals and chemical products
% import content of total cost: 28.7%
% increase in total cost: 2.9%
(Also read: Goods from These 10 Countries Will Face the Highest US Tariffs, How Will Indonesia Fare?)