Indonesia’s imports decline 4.93% in August ’24

Indonesia’s imports reached a value of $20.67 billion in August 2024, down by 4.93 per cent compared to July 2024 but up by 9.46 per cent compared to August 2023, according to data released by BPS Statistics on Tuesday.

Oil and gas imports declined by 25.56 per cent in August 2024 compared to July 2024, and by 0.51 per cent compared to August 2023. Non-oil and gas imports increased by 0.89 per cent from July 2024 but rose by 11.09 per cent compared to August 2023.

Among the top ten non-oil and gas imports, machinery and mechanical appliances and parts experienced the most significant decline, decreasing by 6.30 per cent. Precious metals and jewelry/precious stones saw the largest increase, rising by 34.44 per cent.

China remained the largest trading partner for Indonesia’s non-oil and gas imports during January-August 2024, followed by Japan and Australia. Imports from ASEAN and EU countries also increased during this period.

Indonesia’s balance of trade in August 2024 recorded a surplus of $2.90 billion, primarily driven by a surplus in non-oil and gas trade. However, there was a deficit in oil and gas trade.

Attribution: BPS Statistics Indonesia report

Subediting: M. S. Salama