Jakarta. Danantara Sumberdaya Indonesia (DSI) may expand its centralized export system to commodities beyond palm oil, ferroalloys, and coal, a senior executive said on Monday.

DSI’s newly appointed Finance Director Sinthya Roesly confirmed there was a “possibility” that the agency could handle other key commodities, without disclosing which resource was likely to be the next target of Indonesia’s single-gate export system.

“What the government wants is to make the most of the country’s natural resources for the benefit of the people and the economy. To this end, we are pursuing a fair [export] price,” Sinthya said at a news conference in Jakarta.

However, she indicated that any expansion would take place in phases and depend on further deliberations.

DSI was established in June after President Prabowo Subianto declared that exporters of “strategic commodities” must stop underreporting the value of their shipments — allegedly to evade taxes or shift profits offshore — and ordered Danantara Indonesia to establish an entity tasked with supervising and controlling exports through a centralized system.

DSI is currently responsible for cross-checking export transactions to identify price discrepancies. Despite Indonesia’s vast natural resources, the agency is initially focusing on shipments of coal, palm oil, and ferroalloys, which together account for roughly $70 billion in annual exports.

In his recent state address to parliament, Prabowo floated a plan to expand DSI’s centralized export system to cover “all strategic commodities,” saying the move would give Indonesia greater control over its abundant natural resources. The country is also a major producer of key minerals such as tin and copper.

DSI uses data available in government ministry systems and global market references to analyze export transactions. It also checks whether vessels carrying commodities are sailing to their declared destinations. Its oversight includes invoice reconciliation and price comparisons.

The Danantara unit will initially act as an “intermediary,” leaving existing buyer-seller relationships and commodity flows intact, according to DSI chief Luke Mahony. DSI will evaluate by January to determine whether its intermediary role alone is sufficient to curb under-invoicing and transfer pricing, or whether it should become a trading company.

“More details will come out as we discuss internally with the ministries,” Mahony said.

DSI has already analyzed around 6,500 export declarations since its inception on June 1. The monitored exports are worth more than $14 billion and exceed 90 million tons in volume.

DSI estimates that the new export regime could generate around $5 billion in additional value annually.

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