| Release Date | : | July 15, 2024 |
| File Size | : | 5.64 MB |
Abstract
The value of Indonesia’s exports in June 2024 reached US$20.84 billion, decreased 6.65 percent compared to exports in May 2024 but increased 1.17 percent compared to June 2023.
Non-oil and gas exports in June 2024 reached US$19.61 billion, decreased 6.20 percent compared to non-oil and gas exports in May 2024 but increased 1.40 percent compared to June 2023.
Cumulatively, Indonesia’s exports during January–June 2024 reached US$125.09 billion, decreased 2.76 percent over the same period in 2023. Likewise, non-oil and gas exports reached US$117.19 billion or decreased 2.99 percent.
Among the ten commodities group exports, almost all commmodities experienced a decrease, with the highest decrease was precious metals and jewellery/precious stones, in amount of US$440.5 million or decreased 45.76 percent from May 2024. On the other hand, the highest increase was animal or vegetable fats and oils, in amount of US$1,091.5 million or increased 68.06 percent.
By industry classification, exports of manufacturing products during period January–June 2024 increased by 0.40 percent; exports of agriculture, forestry, and fisheries also increased by 6.73 percent; while exports of mining and others decreased by 15.05 percent compared to the same period in 2023.
The main country destinations of non-oil and gas exports in June 2024 were China at US$4.65 billion, United States at US$1.97 billion, and India at US$1.84 billion, with the contribution of the three reached 43.13 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.62 billion and US$1.21 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January–June 2024 came from Jawa Barat with a value of US$17.99 billion (14.39 percent),followed by Kalimantan Timur at US$12.57 billion (10.04 percent) and Jawa Timur at US$12.20 billion (9.76 percent).
Imports of Indonesia in June 2024 were worth US$18.45 billion, decreased by 4.89 percent compared with May 2024, yet increased by 7.58 percent compared with June 2023.
Imports of oil and gas in June 2024 were worth US$3.27 billion, increased by 19.01 percent compared with May 2024, or increased by 47.17 percent compared with June 2023.
Imports of non-oil and gas in June 2024 were worth US$15.18 billion, decreased by 8.83 percent compared with May 2024, yet rose by 1.69 percent compared with June 2023.
The most significant decrease in imports of non-oil and gas among the biggest ten commodities in June 2024 was machinery and mechanical appliances and parts thereof which decreased by US$278.6 million (9.63 percent). In contrast, optical, photographic, cinematographic, and medical instrument was increased by US$196.4 million (64.69 percent).
The largest trading partner countries of non-oil and gas imports in January–June 2024 were China US$32.45 billion (35.41 percent), Japan US$6.47 billion (7.06 percent), and Thailand US$4.87 billion (5.31 percent). Imports of non-oil and gas from ASEAN and EU countries were US$16.32 billion (17.81 percent) and US$5.89 billion (6.43 percent), respectively.
Compared with the same period last year, imports of consumption goods in January–June 2024 experienced the highest rise with a US$655.4 million (6.71 percent) increase, followed by the increase of intermediate goods by US$333.2 million (0.42 percent). In contrast, capital goods experience a decrease by US$74.6 million (0.39 percent).
Indonesia’s balance of trade in June 2024 experienced a surplus of US$2.39 billion, which mainly affected by a surplus of non-oil and gas of US$4.43 billion. On the other hand, there was a deficit of US$2.04 billion in oil and gas.
