Exports in December 2023 reached US$22.41 billion & Imports in December 2023 reached US$19.11 billion

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Release Date	:	January 15, 2024
File Size	:	5.97 MB

Abstract

A. Exports

The value of Indonesia’s exports in December 2023 reached US$22.41 billion, increased 1.89 percent compared to exports in November 2023 but decreased 5.76 percent compared to December 2022.
Non-oil and gas exports in December 2023 reached US$20.93 billion, increased 1.06 percent compared to non-oil and gas exports in November 2023 but decreased 6.23 percent compared to December 2022.
Cumulatively, Indonesia’s exports during January–December 2023 reached US$258.82 billion, decreased 11.33 percent over the same period in 2022. Likewise, non-oil and gas exports reached US$242.90 billion or decreased 11.96 percent.
The highest increase of non-oil and gas exports in December 2023 was mineral fuels commodity, in amount of US$354.3 million or increased 10.07 percent from November 2023. The highest decrease was animal or vegetable fats and oils, in amount of US$583.7 million or decreased 22.52 percent.
By industry classification, exports of manufacturing products during period January– December 2023 decreased by 9.26 percent; exports of agriculture, forestry, and fisheries also decreased by 10.04 percent; along with exports of mining and others decreased by 20.68 percent compared to the same period in 2022.
The main country destinations of non-oil and gas exports in December 2023 were China at US$5.77 billion, United States at US$2.07 billion, and India at US$1.83 billion, with the contribution of the three reached 46.16 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.37 billion and US$1.30 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January– December 2023 came from Jawa Barat with a value of US$36.63 billion (14.15 percent), followed by Kalimantan Timur at US$27.94 billion (10.79 percent) and Jawa Timur at US$22.43 billion (8.66 percent).

B. Imports

Imports of Indonesia in December 2023 were worth US$19.11 billion, decreased by 2.45 percent compared with November 2023, and fell by 3.81 percent compared with December 2022.
Imports of oil and gas in December 2023 were worth US$3.37 billion, decreased by 3.33 percent compared with November 2023, but increased by 5.35 percent compared with December 2022.
Imports of non-oil and gas in December 2023 were worth US$15.74 billion, decreased by 2.26 percent compared with November 2023, and fell by 5.57 percent compared with December 2022.
The most significant decrease in imports of non-oil and gas in December 2023 was electrical machinery/equipments and parts thereof which decreased by US$252.1 million (11.42 percent). On the contrary, mineral fuels experienced the highest rise with US$248.3 million (89.80 percent) increase.
The largest trading partner countries of non-oil and gas imports in January– December 2023 were China US$62.18 billion (33.42 percent), Japan US$16.44 billion (8.84 percent), and Thailand US$10.14 billion (5.45 percent). Imports of non-oil and gas from ASEAN and EU countries were US$31.05 billion (16.69 percent) and US$14.02 billion (7.53 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January– December 2023 experienced the highest fall with a US$20,104.4 million (11.09 percent) decrease. Likewise, imports of capital goods and consumption goods also experienced decreases with US$2,828.9 million (7.78 percent) and US$1,714.1 million (8.64 percent) decrease, respectively.
Indonesia’s balance of trade in December 2023 experienced a surplus of US$3.31 billion, which mainly affected by a surplus of non-oil and gas of US$5.20 billion. On the other hand, there was a deficit of US$1.89 billion in oil and gas.

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