Indonesia's Export Value Continues to Decline for Five Years

Indonesia's export value from January to July 2016 was recorded at US$79.08 billion, a 12.02 percent decrease compared to the same period in 2015. The export value in July 2016 was also recorded at only US$9.51 billion, 26.67 percent lower than the previous month's exports. Similarly, compared to July 2015, this export value decreased by 17.02 percent.

This is not an isolated incident; a monthly decline in exports has occurred since 2011. Indonesian exports have continuously fallen since the record high of US$18 billion recorded in August 2011.

The decline in export value occurred across almost all industrial sectors. Specifically in July 2016, the largest decrease was contributed by jewelry/gems, reaching 45 percent. This group of goods contributes approximately 6 percent to overall non-oil and gas exports.