Indonesia reports up to Rp268 trillion in coal export proceeds

Coal exports bring in US$14-15 billion

Indonesia recorded US$14-15 billion in foreign-exchange proceeds from coal exports, equivalent to Rp250-268 trillion at an assumed exchange rate of Rp17,930 per dollar, according to Liputan6. Energy and Mineral Resources Minister Bahlil Lahadalia presented the performance of the mineral and coal sector to President Prabowo Subianto after a plenary cabinet meeting.

Bahlil said the result was achieved despite persistent uncertainty in the global economy. Speaking at the Presidential Palace in Jakarta and quoted on July 21, 2026, he put coal export proceeds at approximately US$14-15 billion. The upper end of the rupiah estimate, Rp268 trillion, provides a measure of coal’s continuing importance as a source of foreign currency for Indonesia.

Government points to balanced supply and demand

The minister attributed the export performance partly to the government’s ability to maintain a balance between coal supply and demand, which he said had helped preserve prices. Liputan6 did not provide coal export volumes, destination markets or benchmark price data, making it impossible to determine from the reported figures whether the earnings reflected changes in shipments, prices, the rupiah exchange rate or a combination of these factors.

Bahlil also reported progress in non-tax state revenue, known as PNBP, from downstream mineral and coal activities. Revenue had reached 60% of the government’s target, he said, without specifying the target’s nominal value or the period covered. The government presented the export proceeds and PNBP collection as evidence that its strategy for the mineral and coal sector was producing results.

Export earnings support Indonesia’s external position

The coal figures provide context for Indonesia’s broader foreign-exchange position. Bank Indonesia reported reserves of US$145.6 billion, or about Rp2.618 quadrillion at an exchange rate of Rp17,980 per dollar, at the end of June 2026. That was up from US$144.9 billion, equivalent to Rp2.606 quadrillion, at the end of May.

According to Bank Indonesia communication department executive director Ramdan Denny Prakoso, the June increase was mainly influenced by tax and service receipts. It occurred alongside government external-debt payments and the central bank’s measures to stabilize the rupiah in response to elevated uncertainty in global financial markets.

Reserve coverage remains above international benchmark

Indonesia’s reserves at the end of June were sufficient to finance 5.5 months of imports. When government external-debt payments were included, the coverage ratio was 5.4 months of imports. Both measures remained well above the international adequacy benchmark of around three months cited by Bank Indonesia.

The central bank said the reserve position could support external-sector resilience and help maintain macroeconomic and financial-system stability. It expects Indonesia’s external position to remain solid, supported by adequate reserves and continued foreign capital inflows associated with positive investor perceptions of the national economic outlook. For coal producers and exporters, the reported proceeds demonstrate the sector’s immediate contribution to foreign-currency availability, while the absence of volume and destination data limits conclusions about underlying trade momentum.