Exports in May 2024 reached US$22.33 billion, up 13.82 percent compared to April 2024 and imports in May 2024 amounted to US$19.40 billion, up 14.82 percent compared to April 2024.

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Release Date	:	June 19, 2024
File Size	:	2.44 MB

Abstract

A. Exports

The value of Indonesia’s exports in May 2024 reached US$22.33 billion, increased 13.82 percent compared to exports in April 2024 and increased 2.86 percent compared to May 2023.
Non-oil and gas exports in May 2024 reached US$20.91 billion, increased 14.46 percent compared to non-oil and gas exports in April 2024 and increased 2.50 percent compared to May 2023.
Cumulatively, Indonesia’s exports during January–May 2024 reached US$104.25 billion, decreased 3.52 percent over the same period in 2023. Likewise, non-oil and gas exports reached US$97.58 billion or decreased 3.84 percent.
Most of the top ten commodities of non-oil and gas exports in May 2024 experienced increase, and the highest increase was electrical machinery and equipment and parts thereof, in amount of US$263.6 million or increased 26.66 percent from April 2024. On the other hand, the commodity that experience decrease was only animal or vegetable fats and oils, in amount of US$268.0 million or decreased 14.32 percent.
By industry classification, exports of manufacturing products during period January–May 2024 decreased by 0.63 percent; exports of mining and others also decreased by 14.90 percent; while exports of agriculture, forestry, and fisheries increased by 5.90 percent compared to the same period in 2023.
The main country destinations of non-oil and gas exports in May 2024 were China at US$4.73 billion, United States at US$2.18 billion, and India at US$1.95 billion, with the contribution of the three reached 42.39 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.79 billion and US$1.61 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January–May 2024 came from Jawa Barat with a value of US$14.99 billion (14.38 percent), followed by Kalimantan Timur at US$10.39 billion (9.97 percent) and Jawa Timur at US$10.35 billion (9.93 percent).

B. Imports

Imports of Indonesia in May 2024 were worth US$19.40 billion, increased by 14.82 percent compared with April 2024, yet decreased by 8.83 percent compared with May 2023.
Imports of oil and gas in May 2024 were worth US$2.75 billion, decreased by 7.91 percent compared with April 2024, or decreased by 12.34 percent compared with May 2023.
Imports of non-oil and gas in May 2024 were worth US$16.65 billion, increased by 19.70 percent compared with April 2024, or fell by 8.23 percent compared with May 2023.
The most significant increase in imports of non-oil and gas among the biggest ten commodities in May 2024 was machinery and mechanical appliances and parts thereof which increased by US$670.3 million (30.17 percent). In contrast, cereals was the only commodity experienced fall by US$49.5 million (7.70 percent).
The largest trading partner countries of non-oil and gas imports in January-May 2024 were China US$27.10 billion (35.45 percent), Japan US$5.35 billion (6.99 percent), and Thailand US$4.08 billion (5.35 percent). Imports of non-oil and gas from ASEAN and EU countries were US$13.44 billion (17.58 percent) and US$4.90 billion (6.41 percent), respectively.
Compared with the same period last year, imports of consumption goods in January–May 2024 experienced the highest rise with a US$465.2 million (5.68 percent) increase, followed by the increase of capital goods by US$128.6 million (0.82 percent). In contrast, intermediate goods experience a decrease by US$980.0 million (1.45 percent).
Indonesia’s balance of trade in May 2024 experienced a surplus of US$2.93 billion, which mainly affected by a surplus of non-oil and gas of US$4.26 billion. On the other hand, there was a deficit of US$1.33 billion in oil and gas.

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Exports In May 2017 Reached US$14,29 Billion And Imports In May 2017 Amounted To US$13,82 Billion

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