Exports in September 2024 reached US$22.08 billion & Imports in September 2024 reached US$18.82 billion

Release Date	:	October 15, 2024
File Size	:	5.84 MB

Abstract

A. Exports

The value of Indonesia’s exports in September 2024 reached US$22.08 billion, decreased 5.80 percent compared to exports in August 2024 but increased 6.44 percent compared to September 2023.
Non-oil and gas exports in September 2024 reached US$20.91 billion, decreased 5.96 percent compared to non-oil and gas exports in August 2024 but increased 8.13 percent compared to September 2023.
Cumulatively, Indonesia’s exports during January–September 2024 reached US$192.85 billion, increased 0.32 percent over the same period in 2023. Likewise, non-oil and gas exports reached US$181.15 billion or increased 0.39 percent.
Among the top ten commodities of non-oil and gas exports in September 2024, the highest decrease was animal or vegetable fats and oils, in amount of US$404.4 million or decreased 16.91 percent from August 2024. On the other hand, the highest increase was iron and steel, in amount of US$207.6 million or increased 10.41 percent.
By industry classification, exports of manufacturing products during period January–September 2024 increased by 2.52 percent; exports of agriculture, forestry, and fisheries also increased by 17.58 percent; while exports of mining and others decreased by 8.79 percent compared to the same period in 2023.
The main country destinations of non-oil and gas exports in September 2024 were China at US$5.35 billion, United States at US$2.22 billion, and Japan at US$1.55 billion, with the contribution of the three reached 43.57 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.91 billion and US$1.56 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January– September 2024 came from West Java with a value of US$28.09 billion (14.57 percent), followed by East Java at US$19.06 billion (9.88 percent) and East Kalimantan at US$18.58 billion (9.64 percent).

B. Imports

Imports of Indonesia in September 2024 were worth US$18.82 billion, decreased by 8.91 percent compared with August 2024, but increased by 8.55 percent compared with September 2023.
Imports of oil and gas in September 2024 were worth US$2.53 billion, decreased by 4.53 percent compared with August 2024, and decreased by 24.04 percent compared with September 2023.
Imports of non-oil and gas in September 2024 were worth US$16.30 billion, decreased by 9.55 percent compared with August 2024, but increased by 16.29 percent compared with September 2023.
The most significant decrease in imports of non-oil and gas among the biggest ten commodities in September 2024 was electrical machinery and equipment and parts thereof which decreased by US$342.1 million (14.48 percent). In contrast, optical, photographic, cinematographic, medical instruments was increased by US$33.5 million (9.21 percent).
The largest trading partner countries of non-oil and gas imports in January– September 2024 were China US$51.38 billion (35.65 percent), Japan US$10.53 billion (7.31 percent), and Australia US$7.32 billion (5.08 percent). Imports of nonoil and gas from ASEAN and EU countries were US$25.67 billion (17.81 percent) and US$9.43 billion (6.54 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January–September 2024 experienced the highest rise with a US$4,726.5 million (3.94 percent) increase, followed by the increase of capital goods by US$953.5 million (3.31 percent) and consumption goods by US$667.9 million (4.26 percent).
Indonesia’s balance of trade in September 2024 experienced a surplus of US$3.26 billion, which mainly affected by a surplus of non-oil and gas of US$4.62 billion. On the other hand, there was a deficit of US$1.36 billion in oil and gas.

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September 2020 Exports Reached US$14.01 Billion, Imports Reached To US$11.57 Billion

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