Indonesia’s exports 6.44% up YoY in Sep. – data

Indonesia’s exports recorded $22.08 billion in September 2024, marking a 5.80 fall month-on-month, yet a 6.44 per cent rise on an annual basis compared to September 2023, according to BPS Statistics agency report on Tuesday.

Non-oil and gas exports, which account for the majority of Indonesia’s exports, also reported a decrease of 5.96 per cent in September 2024 compared to August 2024 but a significant 8.13 per cent increase compared to September 2023.

Cumulatively, Indonesia’s exports from January to September 2024 increased by 0.32 per cent year-on-year to $192.85 billion compared to the same period in 2023, while non-oil and gas exports grew by 0.39 per cent to $181.15 billion.

China remained the top destination for Indonesia’s non-oil and gas exports in September 2024, accounting for $5.35 billion. The US and Japan followed with exports worth $2.22 billion and $1.55 billion, respectively. China, the US, and Japan contribute a total of 43.57 per cent of Indonesia’s non-oil and gas exports.

Indonesia’s balance of trade in September 2024 recorded a surplus of $3.26 billion, primarily driven by a surplus of $4.62 billion in non-oil and gas trade. However, a deficit of $1.36 billion in oil and gas trade offset some of the positive impact.

Attribution: BPS Statistics Indonesia statement

Subediting: Y.Yasser