As of May 2025, Indonesia's coal exports to China fell 15% year-on-year, and exports to India fell 7% year-on-year. The main reasons for the decline include intensified international price competition, with coal products from Russia, Mongolia, Australia and other countries becoming more price-competitive, squeezing Indonesia's market share; at the same time, China's high inventory levels — coal stocks did not decline after the Chinese New Year as in previous years — and weak import demand have reduced reliance on Indonesian coal. The Director General of the Ministry of Energy and Mineral Resources stated there is no need to panic and suggested shifting to explore new markets such as ASEAN. He also questioned the transportation cost issues of Mongolian coal, arguing that its geographical disadvantage may weaken price competitiveness. The Indonesian Coal Mining Association (APBI) confirmed the export decline, emphasizing that price competition is the main factor.