Business · Trade · 1 hr ago
Gold exporters in Indonesia fall from about 15 to five after export duty
Indonesia recorded five companies exporting gold through September 2026, compared with about 15 in the same period of 2025.
Customs officials say some companies may be holding back exports since the government introduced a duty on gold exports.
The five companies exported 3.74 tonnes of gold, generating about 385.2 billion rupiah in duties.
That is less gold than the 19.66 tonnes exported during all of 2025.
Finance Minister Suahasil Nazara also said customs officers had made 94 seizures linked to gold smuggling out of Indonesia, recovering 353 kilograms.
The gold seized came in forms including powder, bars and cylinders.
Customs chief Djaka Budi Utama expects the number of exporters to rise again, saying companies may not be able to hold their gold indefinitely.
Indonesia had five gold-exporting companies through September 2026, down from about 15 in the same period of 2025.
Customs officials said some companies appeared to be holding back exports after the government imposed an export duty on gold.
The five companies exported a total of 3.74 tonnes of gold, generating about Rp385.2 billion in export-duty revenue.
Indonesia exported 19.66 tonnes of gold during 2025.
Customs officials also reported 94 enforcement actions over gold smuggling out of Indonesia, involving 353 kilograms of seized evidence.
- Who
- Five companies exported gold through September 2026, according to Indonesia’s customs authority.
- What
- The number of gold exporters fell from about 15 to five after an export duty was imposed.
- When
- Through September 2026; the comparison is with the same period in 2025.
- Where
- Indonesia.
- Why
- Customs officials said some companies appeared to be holding back exports after the export duty was imposed.
This story does not have two clearly opposing sides.
Last year there were about 15 companies. So, perhaps some companies that exported gold last year are holding back and not exporting gold through this September because the export duty is being collected.
I want to say that gold smuggling out of Indonesia is now very large.
Indonesia exported 19.66 tonnes of gold during the year.
About 15 companies exported gold.
Five companies exported 3.74 tonnes of gold, with about Rp385.2 billion collected in export duties.
CNBC Indonesia reported the customs authority’s figures and comments.
- Gold exporters through September 2026
- 5 companies
- Gold exporters in the same period of 2025
- About 15 companies
- Gold exports through September 2026
- 3.74 tonnes
- Export-duty revenue through September 2026
- About Rp385.2 billion
- Gold exports during 2025
- 19.66 tonnes
- Gold-smuggling enforcement actions and evidence
- 94 actions; 353 kilograms
Sources
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