Indonesia's jewelry imports from Australia surge, widening trade deficit

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Indonesian jewelry imports from Australia surged 634.30% in January 2026, significantly impacting the nation's trade balance. The value of Australian jewelry and precious stones imported reached $507.59 million, contributing heavily to a $840 million non-oil and gas deficit with Australia. This rise occurs amid deepening Australia-ASEAN economic ties and follows a crackdown on illegal jewelry imports within Indonesia.


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Indonesia's jewelry imports from Australia surge, widening trade deficit | News Minimalist