Exports in September 2023 reached US$20.76 billion and Imports in September 2023 reached US$17.34 billion

A. Exports

• The value of Indonesia’s exports in September 2023 reached US$20.76 billion, decreased 5.63 percent compared to exports in August 2023 and decreased 16.17 percent compared to September 2022.
• Non-oil and gas exports in September 2023 reached US$19.35 billion, decreased 6.41 percent compared to non-oil and gas exports in August 2023 and decreased 17.66 percent compared to September 2022.
• Cumulatively, Indonesia’s exports during January–September 2023 reached US$192.27 billion, decreased 12.34 percent over the same period in 2022. Likewise, non-oil and gas exports reached US$180.48 billion or decreased 12.89 percent.
• The highest decrease of non-oil and gas exports in September 2023 was animal or vegetable fats and oils commodity, in amount of US$601.1 million or decreased 20.54 percent from August 2023. The highest increase was iron and steel, in amount of US$78.6 million or increased 3.51 percent.
• By industry classification, exports of manufacturing products during period January–September 2023 decreased by 10.86 percent; exports of agriculture, forestry and fisheries also decreased by 9.03 percent; along with exports of mining and others decreased by 19.83 percent compared to the same period in 2022.
• The main country destinations of non-oil and gas exports in September 2023 were China at US$5.17 billion, United States at US$1.84 billion, and India at US$1.50 billion, with the contribution of the three reached 43.97 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.49 billion and US$1.33 billion, respectively.
• According to the province of origin, the largest exports of Indonesia in January–September 2023 came from Jawa Barat with a value of US$27.64 billion (14.37 percent), followed by Kalimantan Timur at US$21.16 billion (11.01 percent), and Jawa Timur at US$16.21 billion (8.43 percent).

B. Imports

• Imports of Indonesia in September 2023 were worth US$17.34 billion, decreased by 8.15 percent compared with August 2023, and fell by 12.45 percent compared with September 2022.
• Imports of oil and gas in September 2023 were worth US$3.33 billion, increased by 25.04 percent compared with August 2023, and decreased by 2.85 percent compared with September 2022.
• Imports of non-oil and gas in September 2023 were worth US$14.01 billion, decreased by 13,60 percent compared with August 2023, and fell by 14.46 percent compared with September 2022.
• The most significant decrease in imports of non-oil and gas in September 2023 was electrical machinery/equipments and parts thereof which fell by US$401.7 million (17.95 percent). On the contrary, salt, sulphur, stones, and cements experienced the highest rise with US$33.3 million (43.27 percent) increase.
• The largest trading partner countries of non-oil and gas imports in January–September 2023 were China US$45.68 billion (32.92 percent), Japan US$12.36 billion (8.91 percent), and Thailand US$7.71 billion (5.55 percent). Imports of nonoil and gas from ASEAN and EU countries were US$23.01 billion (16.58 percent) and US$10.66 billion (7.68 percent), respectively.
• Compared with the same period last year, imports of intermediate goods in January–September 2023 experienced the highest fall with a US$18,447.0 million (13.32 percent) decrease. In contrast, imports of capital goods and consumption goods experienced increases with US$2,408.5 million (9.11 percent) and US$1,071.5 million (7.34 percent) rises, respectively.
• Indonesia’s balance of trade in September 2023 experienced a surplus of US$3.42 billion, which mainly affected by a surplus of non-oil and gas of US$5.34 billion. On the other hand, there was a deficit of US$1.92 billion in oil and gas.