Indonesia's Import Value Drops 2.45 Percent To 19.11 M US Dollar In December 2023

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's import value in December 2023 was 19.11 billion US dollars or a decrease of 2.45 percent compared to November 2023 of 19.59 billion US dollars.

Deputy for Distribution and Services Statistics, BPS Pudji Ismartini, said that the decline in imports was driven by a decrease in imports, both oil and gas (oil and gas) and non-oil and gas imports.

"Imports of oil and gas in December 2023 amounted to US$3.37 billion, down 3.33 percent compared to November 2023. Meanwhile, non-oil and gas imports in December 2023 were valued at US$15.73 billion, down 2.26 percent November 2023," said Pudji in the release of the BPS Official Statistical News (BRS), Monday, January 15, 2024.

Pudji said that the decline in oil and gas imports was driven by a decrease in the import value of crude oil by 15.25 percent (mom) and gas imports by 11.55 percent (mom).

However, the import value of oil products was recorded to have increased by 2.44 percent (mom).

Then, the decline in non-oil and gas imports in December 2023 fell due to the role of engine and electrical equipment and its parts (HS 85) at 11.42 percent.

Then driven by a decrease in imports of machinery and mechanical equipment as well as its parts (HS 84) down 6.17 percent (mom) and imports of vehicles and parts (HS 87) which fell 19.08 percent (mom).

Pudji said the import value in December 2023 fell 3.81 percent when compared to December 2022. Meanwhile, the value of non-oil and gas imports decreased by 5.57 percent (mom).

This continues the annual downward trend that has occurred for 6 consecutive months.

However, the annual import value of oil and gas increased by 5.35 percent (yoy).

Pudji said the import value for consumer goods increased by 40.1 million US dollars, an increase of 1.99 percent. Aid raw materials fell 135.7 million US dollars or 0.97 percent. Capital goods fell 384.2 million US dollars or 10.51 percent.

Meanwhile, during the January period of December 2023, the class of capital goods and consumer goods increased when compared to the same period the previous year of 2,828.9 million US dollars or 7.78 percent and 1,714.1 million US dollars or 8.64 percent, respectively.

However, the raw material/auxiliary group fell by 20,104.4 million US dollars or 11.09 percent.

Meanwhile, when viewed from its role during January - December 2023, Indonesia's imports were dominated by the raw/auxiliary class of materials worth 161,155.7 million US dollars or 72.63 percent, then 39,183.5 million US dollars in capital goods or 17.66 percent and 21,546.5 million US dollars in consumer goods or 9.71 percent.