After a Strong Start, Indonesia’s March Exports Fell by 5% YoY. The Year-Total Is Still 10% Ahead.

After a 4% year-over-year increase in January and a 38% increase in February, Indonesia’s exports in March dropped 5% year over year. The year-to-date at the end of Q1 stands at 53,447 MT, 10% ahead of 2024. All product categories, except raw P. monodon, grew, but cooked products recorded the strongest growth of 30%. Exports to all major markets, except China (-15%), continue to grow. However, the EU (65%) and Canada (123%) grow more than the US (10%) and Japan (11%). Some more details are provided below.

Total

• Volume
  • Jan: 17,094 MT = +4% YoY
  • Feb: 18,988 MT = +38% YoY
  • Mar: 17,365 MT = -5% YoY
  • Q1: 53,447 MT = +10% YoY
• Value
  • Jan: 141.0 mln USD = +14% YoY
  • Feb: 157.2 mln USD = +48% YoY
  • Mar: 149.7 mln USD = +9% YoY
  • Q1: 447.9 mln USD = +22% YoY

Products

• Raw L. Vannamei
  • Jan: 8,792.3 MT = +14% YoY
  • Feb: 8,868.0 MT = +34% YoY
  • Mar: 8,387.7 MT = +7% YoY
  • Q1: 26,048.0 MT = +17% YoY
• Raw P. Monodon
  • Jan: 349.7 MT = -59% YoY
  • Feb: 816.4 MT = +16% YoY
  • Mar: 764.7 MT = -15% YoY
  • Q1: 1,930.8 MT = -21% YoY
• Cooked and Marinated
  • Jan: 4,933.9 MT = +26% YoY
  • Feb: 5,549.3 MT = +45% YoY
  • Mar: 5,458.2 MT = +20% YoY
  • Q1: 15,941.5 MT = +30% YoY
• Breaded
  • Jan: 745.2 MT = +11% YoY
  • Feb: 745.2 MT = +21% YoY
  • Mar: 698.3 MT = -11% YoY
  • Q1: 2,188.7 MT = +6% YoY

Markets

1. USA
   • Jan: 11,530.7 MT = +10% YoY
   • Feb: 12,271.4 MT = +29% YoY
   • Mar: 11,694.8 MT = -4% YoY
   • Q1: 35,496.8 MT = +10% YoY
2. Japan
   • Jan: 2,451.7 MT = -4% YoY
   • Feb: 2,778.7 MT = +23% YoY
   • Mar: 2,858.8 MT = +16% YoY
   • Q1: 8,089.2 MT = +11% YoY
3. China
   • Jan: 1,079.4 MT = -32% YoY
   • Feb: 1,381.0 MT = +631% YoY
   • Mar: 205.0 MT = -85% YoY
   • Q1: 2,665.5 MT = -15% YoY
4. EU
   • Jan: 712.7 MT = +72% YoY
   • Feb: 883.9 MT = +51% YoY
   • Mar: 1,026.8 MT = +75% YoY
   • Q1: 2,623.4 MT = +65% YoY
5. Canada
   • Jan: 323.7 MT = +185% YoY
   • Feb: 490.7 MT = +261% YoY
   • Mar: 420.2 MT = +38% YoY
   • Q1: 1,234.5 MT = +123% YoY