Exports in January 2024 reached US$20.52 billion & Imports in January 2024 reached US$18.51 billion

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

Abstract

A. Exports

The value of Indonesia’s exports in January 2024 reached US$20.52 billion, decreased 8.34 percent compared to exports in December 2023 and decreased 8.06 percent compared to January 2023.
Non-oil and gas exports in January 2024 reached US$19.13 billion, decreased 8.54 percent compared to non-oil and gas exports in December 2023 and decreased 8.20 percent compared to January 2023.
Among the top ten commodities of non-oil and gas exports in January 2024, the highest decrease was mineral fuels, in amount of US$805.9 million or decreased 20.81 percent from December 2023, while the highest increase was animal or vegetable fats and oils, in amount of US$208.0 million or increased 10.36 percent.
By industry classification, exports of manufacturing products during period January 2024 decreased by 3.69 percent; exports of mining and others also decreased by 23.54 percent; while exports of agriculture, forestry, and fisheries increased by 0.11 percent compared to January 2023.
The main country destinations of non-oil and gas exports in January 2024 were China at US$4.57 billion, United States at US$1.99 billion, and India at US$1.79 billion, with the contribution of the three reached 43.64 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.26 billion and US$1.48 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January 2024 came from Jawa Barat with a value of US$2.95 billion (14.35 percent), followed by Kalimantan Timur at US$2.17 billion (10.58 percent) and Jawa Timur at US$1.99 billion (9.68 percent).

B. Imports

Imports of Indonesia in January 2024 were worth US$18.51 billion, decreased by 3.13 percent compared with December 2023, yet rose slightly by 0.36 percent compared with January 2023.
Imports of oil and gas in January 2024 were worth US$2.70 billion, decreased by 19.99 percent compared with December 2023, and decreased by 7.15 percent compared with January 2023.
Imports of non-oil and gas in January 2024 were worth US$15.81 billion, increased by 0.48 percent compared with December 2023, yet rose by 1.76 percent compared with January 2023.
The most significant decrease in imports of non-oil and gas in January 2024 was mineral fuels which decreased by US$184.9 million (35.24 percent). On the contrary, electrical machinery/equipments and parts thereof experienced the highest rise with US$349.9 million (17.89 percent) increase.
The largest trading partner countries of non-oil and gas imports in January 2024 were China US$5.95 billion (37.64 percent), Japan US$1.08 billion (6.81 percent), and Thailand US$0.88 billion (5.53 percent). Imports of non-oil and gas from ASEAN and EU countries were US$2.64 billion (16.70 percent) and US$1.07 billion (6.78 percent), respectively.
Compared with the same period last year, imports of capital goods in January 2024 experienced the highest rise with a US$300.8 million (10.16 percent) increase, followed by the increase of consumption goods by US$176.2 million (11.03 percent). In contrary, imports of intermediate goods experienced decreases with US$410.9 million (2.96 percent).
Indonesia’s balance of trade in January 2024 experienced a surplus of US$2.02 billion, which mainly affected by a surplus of non-oil and gas of US$3.32 billion. On the other hand, there was a deficit of US$1.30 billion in oil and gas.

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January 2021 Exports Reached US$15.30 Billion, Imports Reached To US$13.34 Billion

Exports In January 2023 Reached US$22.31 Billion And Imports In January 2023 Reached US$18.44 Billion

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