Exports in October 2024 reached US$24.41 billion & Imports in October 2024 reached US$21.94 billion.

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Release Date	:	November 15, 2024
File Size	:	4.33 MB

Abstract

A. Exports

The value of Indonesia’s exports in October 2024 reached US$24.41 billion, increased 10.69 percent compared to exports in September 2024 and increased 10.25 percent compared to October 2023.
Non-oil and gas exports in October 2024 reached US$23.07 billion, increased 10.35 percent compared to non-oil and gas exports in September 2024 and increased 11.04 percent compared to October 2023.
Cumulatively, Indonesia’s exports during January–October 2024 reached US$217.24 billion, increased 1.33 percent over the same period in 2023. Likewise, non-oil and gas exports reached US$204.21 billion or increased 1.48 percent.
Among the top ten commodities of non-oil and gas exports in October 2024, most of the commodities experienced an increased with the highest was animal or vegetable fats and oils, in amount of US$1,046.5 million or increased 52.67 percent from September 2024. On the other hand, the highest decrease was precious metals and jewellery/precious stones, in amount of US$102.0 million or decreased 14.46 percent.
By industry classification, exports of manufacturing products during period January– October 2024 increased by 3.75 percent; exports of agriculture, forestry, and fisheries also increased by 23.78 percent; while exports of mining and others decreased by 8.65 percent compared to the same period in 2023.
The main country destinations of non-oil and gas exports in October 2024 were China at US$5.66 billion, United States at US$2.34 billion, and India at US$2.02 billion, with the contribution of the three reached 43.49 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$4.32 billion and US$1.59 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January–October 2024 came from Jawa Barat with a value of US$31.52 billion (14.51 percent), followed by Jawa Timur at US$21.44 billion (9.87 percent) and Kalimantan Timur at US$20.86 billion (9.60 percent).

B. Imports

Imports of Indonesia in October 2024 were worth US$21.94 billion, increased by 16.54 percent compared with September 2024, and increased by 17.49 percent compared with October 2023.
Imports of oil and gas in October 2024 were worth US$3.67 billion, increased by 44.98 percent compared with September 2024, and increased by 14.32 percent compared with October 2023.
Imports of non-oil and gas in October 2024 were worth US$18.27 billion, increased by 12.13 percent compared with September 2024, and increased by 18.14 percent compared with October 2023.
The most significant increase in imports of non-oil and gas among the biggest ten commodities in October 2024 was electrical machinery and equipment and parts thereof which increased by US$590.1 million (29.20 percent). In contrast, machinery and mechanical appliances and part thereof was the only decreased commodity which fell by US$62.1 million (2.09 percent).
The largest trading partner countries of non-oil and gas imports in October 2024 were China US$6.43 billion (35.19 percent), Japan US$1.5 billion (8.22 percent), and Singapore US$1.09 billion (5.96 percent). Imports of non-oil and gas from ASEAN and EU countries were US$3.40 billion (18.61 percent) and US$1.07 billion (5.88 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January–October 2024 experienced the highest rise with a US$7,210.2 million (5.40 percent) increase, followed by the increase of capital goods by US$1,514.2 million (4.69 percent) and consumption goods by US$888.9 million (5.08 percent).
Indonesia’s balance of trade in October 2024 experienced a surplus of US$2.48 billion, which mainly affected by a surplus of non-oil and gas of US$4.80 billion. On the other hand, there was a deficit of US$2.32 billion in oil and gas.

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