Exports in January 2023 reached US$22.31 billion and Imports in January 2023 reached US$18.44 billion

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Release Date	:	February 15, 2023
File Size	:	5.9 MB

Abstract

A. EXPORTS

The value of Indonesia’s exports in January 2023 reached US$22.31 billion, decreased 6.36 percent compared to exports in December 2022 but increased 16.37 percent compared to January 2022.
Non-oil and gas exports in January 2023 reached US$20.83 billion, decreased 6.84 percent compared to non-oil and gas exports in December 2022 but increased 13.97 percent compared to January 2022.
The highest decrease in non-oil and gas exports in January 2023 was mineral fuels commodity, in amount of US$379.7 million or decreased 8.19 percent from December 2022. The highest increase was precious metals and jewellery/precious stones, in amount of US$257.9 million or increased 46.54 percent.
By industry classification, exports of manufacturing products in January 2023 decreased by 0.44 percent, and exports of agriculture, forestry, and fisheries decreased by 3.49 percent, while exports of mining and others increased by 121.46 percent compared to January 2022.
The main country destinations of non-oil and gas exports in January 2023 were China at US$5.25 billion, United States at US$1.95 billion, and Japan at US$1.89 billion, with the contribution of the three reaching 43.64 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.93 billion and US$1.65 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January 2023 came from Jawa Barat with a value of US$3.07 billion (13.75 percent), followed by Kalimantan Timur at US$2.46 billion (11.03 percent) and Jawa Timur at US$2.00 billion (8.96 percent).

B. IMPORTS

Imports of Indonesia in January 2023 were worth US$18.44 billion, fell by 7.15 percent compared with December 2022, but increased by 1.27 percent compared with January 2022.
Imports of oil and gas in January 2023 were worth US$2.91 billion, decreased by 9.21 percent compared with December 2022, yet increased by 30.36 percent compared with January 2022.
Imports of non-oil and gas in January 2023 were worth US$15.54 billion, decreased by 6.75 percent compared with December 2022, and fell by 2.78 percent compared with January 2022.
The most significant decrease in imports of non-oil and gas in January 2023 was machinery/mechanical appliances and parts thereof, which fell by US$434.0 million (14.95 percent). On the contrary, electrical machinery/equipments and parts thereof experienced the highest rise with US$215.6 million (10.18 percent) increase.
The largest trading partner countries of non-oil and gas imports in January 2023 were China US$5.32 billion (34.24 percent), Japan US$1.36 billion (8.76 percent), and Thailand US$0.90 billion (5.76 percent). Imports of non-oil and gas from ASEAN and EU countries were US$2.51 billion (16.13 percent) and US$1.14 billion (7.33 percent), respectively.
Compared with the same period last year, imports of capital goods in January 2023 experienced the highest rise with a US$158.5 million (5.66 percent) increase, followed by imports of intermediate goods with a US$56.3 million (0.41 percent) increase and consumption goods imports with a US$17.1 million (1.09 percent) increase.
Indonesia’s balance of trade in January 2023 experienced a surplus of US$3.87 billion, which mainly affected by a surplus of non-oil and gas of US$5.29 billion. On the other hand, there was a deficit of US$1.42 billion in oil and gas.

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