Indonesia's Non-Oil And Gas Exports To China Have Decreased

JAKARTA - The Central Statistics Agency (BPS) reported that non-oil and gas exports to all major destination areas decreased monthly or month to month (mtm) in June 2024 compared to May 2024. The decline in exports included China, which is the largest export share country.

Plt. Head of BPS Amalia Adininggar Widyasanti explained that in June 2024 non-oil and gas exports to China were recorded at 4.65 billion US dollars, down from the previous month's 4.73 billion US dollars. Furthermore, the export share to China was recorded at 23.71 percent of total non-oil and gas exports in June 2024.

"The top three export destination countries are China, the United States, and India," Amalia said at a press conference at her office, Monday, July 15.

Furthermore, non-oil and gas exports to the United States were recorded at 1.97 billion US dollars, down compared to the previous month's 2.18 billion US dollars with an export share of 10.2 percent.

Then, non-oil and gas exports to India were recorded at 1.84 billion US dollars, down compared to the previous month which amounted to 1.95 billion US dollars with an export share of 9.40 percent.

"The value of exports to these three countries provides a share of 43.13 percent of Indonesia's total non-oil and gas exports in June 2024," he said.

Meanwhile, non-oil and gas exports to the ASEAN region amounted to USD 3.62 billion, down from the previous month's 3.79 billion US dollars with an export share of 18.47 percent.

Furthermore, non-oil and gas exports to the European Union in June 2024 were recorded at 1.21 billion US dollars, down compared to the previous month which amounted to 1.61 billion US dollars with an export share to this region recorded at 6.18 percent.

In addition, the Central Statistics Agency (BPS) recorded an export value of June 2024 of 20.84 billion US dollars, down 6.65 percent compared to the previous month 22.33 billion US dollars.

Amalia said the decline in export performance was driven by exports of gas oil (oil and gas) and non-oil and gas. Meanwhile, the performance of the value of oil and gas exports in June 2024 was recorded at 1.23 billion US dollars, down 13.24 percent compared to the previous month which reached 1.42 billion US dollars in May 2024.

In addition, the non-oil and gas value also fell to 19.61 billion US dollars, down 6.20 percent compared to the previous month which reached 20.91 billion US dollars.

"The decrease in export value in June 2024 on a monthly basis was mainly driven by a decrease in non-oil and gas exports, namely in metal ore, crust and ash commodities which fall by 98.32 percent where the contribution to non-oil and gas exports is 4.57 percent," he explained.

Then, exports of precious metals and gem jewelry with code HS 71 fell 45.76 percent with a share in exports of 1.97 percent. Furthermore, exports of nickel and goods from it (HS 75) fell 25.20 percent where the contribution to non-oil and gas exports was 0.96 percent.

Meanwhile, the decline in oil and gas exports was mainly driven by a decrease in oil exports with a share of 0.94 percent.

Meanwhile, the export value in June 2024 was recorded to have increased by 1.17 percent compared to the same period last year which reached 20.60 billion US dollars.

Amalia said this increase was driven by an increase in non-oil and gas exports, especially from iron and steel goods HS 73, nickel and goods from HS 75, and Copper and goods from HS74.