BPS Records October 2023 Imports of 18.67 Billion US Dollars

Import illustration (Photo: antara)

JAKARTA - The Central Statistics Agency (BPS) recorded that the import value in October 2023 reached 18.67 billion US dollars, an increase of 7.68 percent (mtm) compared to September 2023 of 17.34 billion US dollars. However, it fell 2.42 percent (yoy) compared to October 2022 or on an annual basis.

The value of Indonesia's oil and gas imports in October 2023 was 3.21 billion US dollars, or down 3.66 percent compared to the previous month of 3.33 billion US dollars.

"Meanwhile, the value of non-oil and gas imports was 15.47 billion US dollars or an increase of 10.37 percent compared to the previous month of 14.01 billion US dollars," said BPS Deputy for Distribution and Services Statistics, Pudji Ismartini, Wednesday, November 15.

Pudji said that the increase in monthly imports was driven by the role of machinery and electrical commodities which rose 21.06 percent, then machines and mechanical equipment and their parts rose 11.19 percent and cereals 23.52 percent.

Meanwhile, the decline in oil and gas imports in October was due to a 19.64 percent decline in crude oil imports.

Furthermore, on an annual basis the import value in October 2023 fell 2.42 percent, on an annual basis oil and gas imports fell 4.68 percent. Meanwhile, non-oil and gas imports fell 1.94 percent and this continued the downward trend that had occurred in the previous month.