February 2025 Sees a 92.9% Surge in Export Duty Revenue

The Ministry of Finance (Kemenkeu) reported that Indonesia's customs and excise revenue reached Rp52.6 trillion in February 2025.

This figure fulfills 17.5% of the target in the state budget (APBN). Kemenkeu also reported that this value grew by 2.1% year-on-year (yoy) from February 2024.

Customs and excise duties consist of three components: import duties, export duties, and excise duties.

According to Kemenkeu's records, the largest amount came from excise duties, totaling Rp39.6 trillion in February 2025. Despite the large nominal value, its growth decreased by 2.7% (yoy).

Kemenkeu stated that excise duties on tobacco products (HT) amounted to Rp38.4 trillion. This figure represents a 2.6% decrease, influenced by a 5.2% drop in cigarette production in November and December 2024, which served as the basis for calculating HT revenue in January and February 2025.

The ministry, headed by Sri Mulyani, also explained that the decrease in cigarette production at the end of 2024 was due to the absence of an increase in HT excise tariffs at the beginning of 2025.

Excise duties on alcoholic beverages (MMEA) were recorded at Rp1.1 trillion, down 7.6%, due to an 11.5% decrease in MMEA production.

Meanwhile, the second largest component, import duty revenue, reached Rp7.6 trillion until February 2025, down 4.6% (yoy) from February 2024. This was influenced by the import value in 2025 of US$36.94 billion, which was relatively the same as the realization in 2024.

Furthermore, the decrease in import duties was influenced by the fact that rice was no longer imported at the beginning of 2025. "Strengthening import service and supervision continues to be carried out to maintain revenue," wrote Kemenkeu in its report, quoted on Sunday, March 16, 2025.

Next, export duties amounted to Rp5.4 trillion in February 2025, becoming the only component showing positive growth with an increase of 92.9% (yoy).

The drivers of this growth include export duties on palm oil products, reaching Rp5.3 trillion, growing by 852.9% (yoy). Kemenkeu explained that this was due to the CPO price in February 2025 reaching US$955/MT, 18.5% higher than in 2024 at US$806/MT.

"Although the volume of CPO exports decreased by 5.5%, mainly to India and the Netherlands," wrote Kemenkeu.

Kemenkeu also noted that there were no realizations of copper export duties until February 2025.