Import Value of the Republic of Indonesia in September 2023 Decreases 8.51 Percent

Import illustration (Photo: antara)

JAKARTA - The Central Statistics Agency (BPS) estimates that the import value in September 2023 will reach 17.34 billion US dollars or down 8.51 percent on a monthly basis.

"Oil and gas imports were worth 3.33 billion US dollars or an increase of 25.04 percent compared to the previous month," said Acting Head of BPS, Amalia Adininggar Widyasanti at a press conference, Monday, October 16.

Meanwhile, non-oil and gas imports were worth 14.01 billion US dollars or decreased by 13.60 percent.

She explained that the decline in non-oil and gas imports on a monthly basis was due to the role of several groups of goods, namely machinery and electrical equipment and their parts (HS25), which fell 17.95 percent. Then the machinery and equipment group (HS84) fell 11.89 percent and food industry dregs and waste or HS23 fell 39.02 percent.

"Meanwhile, the increase in oil and gas imports was 25.04 percent due to the increase in crude oil imports, which rose 94.40 percent," continued Amalia.

Thus, on an annual basis, the import value in September 2023 will also decrease by 12.45 percent.

"On an annual basis, oil and gas imports also fell 2.85 percent while non-oil and gas imports fell 14.46 percent, continuing the downward trend that also occurred last month," explained Amalia.

Meanwhile, Indonesia's imports according to usage in September 2023 for consumer goods amounted to 1.67 billion US dollars, imports of capital goods amounted to 2.98 billion US dollars and imported auxiliary raw materials amounted to 12.69 billion US dollars.

Then supporting raw materials contributed 73.19 percent of total imports in September 2023.

On a monthly basis, the import value decreased for all types of use. Imports of consumer goods experienced the deepest decline of 22.10 percent, driven by a decline in imports of electrical equipment, machinery and their parts, vehicles and their parts and cereals.

"Imports of auxiliary raw materials fell 4.86 percent driven by a decrease in imports of dregs and food industry waste, machinery and mechanical equipment as well as electrical machinery and equipment and their parts," added Amalia.

Imports of capital goods which fell by 12.27 percent were mainly driven by a decline in imports of machinery and mechanical equipment and their parts, machinery and electrical equipment and driven by a decline in imports of ships, boats and floating structures.

On an annual basis, the value of imports by type of use has increased, except for capital goods.

"Consumer goods rose 1.03 percent, supporting raw materials rose 0.09 percent, but imports of capital goods fell by 15.57 percent yoy," concluded Amalia.