Indonesia's stock market has fallen over 36% from its peak and the rupiah has passed 18,000 per US dollar for the first time, as foreign investors sell stocks, bonds and currency together. Q2 2026 GDP growth slowed to 5.30% YoY from 5.61% in Q1. Thailand and Indonesia target trade of USD 23 billion by 2030, up from USD 19.5 billion now. For a Thai SME exporting to Indonesia, the weaker rupiah makes Indonesian buyers pricier in baht terms, so check payment terms and currency before taking large orders. Growth forecasts for 2026 sit around 5%, so demand is still solid but cooling.