Indonesia’s export performance deteriorated sharply, with exports falling 6.6% year-on-year versus a 2.31% decline previously. The drop deepened by 4.29 percentage points, signaling a notably weaker external demand backdrop and a worsening trend in trade activity.
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The 6.6% contraction was also far below the analyst estimate of a modest 0.5% decline, underscoring a negative surprise for markets. Export-oriented sectors, including commodities, shipping, and cyclical manufacturers, are likely to face selling pressure as investors reassess earnings and volume outlooks. Banks and broader equity indices may also trade softer in the short term as weaker trade data dampens sentiment and raises concerns over Indonesia’s near-term growth trajectory.