Indonesia's Imports Reach 21.22 Billion US Dollars At The End Of December 2024

JAKARTA - The Central Statistics Agency (BPS) recorded Indonesia's import performance in December 2024 of 21.22 billion US dollars. This figure is up 8.10 percent when compared to November 2024.

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti said the increase in imports in the month was driven by increased imports of oil and gas (oil and gas) and non-oil and gas.

Oil and gas imports in December 2024 were recorded at 3.30 billion US dollars, an increase of 28.26 percent on a monthly basis. Meanwhile, non-oil and gas imports were recorded at 17.93 billion US dollars, an increase monthly of 5.06 percent.

"This monthly increase in imports was driven mainly by an increase in the value of non-oil and gas imports which contributed 4.40 percent and also increased the value of oil and gas imports with a contribution of 3.70 percent," he said at a press conference, Wednesday, January 15.

On an annual basis, continued Amalia, the value of imports in December 2024 also increased by 11.07 percent.

Even so, the annual value of oil and gas imports fell 2.24 percent, while non-oil and gas increased by 13.92 percent on an annual basis.

"The increase in the annual import value of non-oil and gas commodities is due to an increase in volume and an increase in the average price of non-oil and gas import aggregates," he explained.

In December 2024, all types of imported goods increased monthly and annually. On a monthly basis, the import value of consumer goods rose 14 percent. The auxiliary raw materials that contributed at least 70.71 percent of the total imports in December 2024 also increased by 7.05 percent and imports of capital goods rose by 8.87 percent.

Furthermore, on an annual basis, the import value for consumer goods increased by 12.44 percent. For imports of auxiliary raw materials, it increased by 8.84 percent and imports of capital goods increased by 19.60 percent.

The three main commodities imported by Indonesia in December 2024 are mechanical equipment machines, electric equipment, and iron and steel. In December 2024, the import value of the three commodities provided a 34.88 percent share of total non-oil and gas imports.

"Methical equipment engines, electrical equipment engines have increased while iron and steel imports have decreased, both monthly and annually," he said.

In detail, the import value of mechanical equipment machines is 3.04 billion US dollars with a volume of 0.40 million tons.

The import value of electric equipment and its parts is US$2.28 billion with a volume of 0.17 million tons.

Meanwhile, the import of iron and steel amounted to 0.93 billion US dollars and the volume was 1.40 million tons.

Amalia said that the three countries that supply the largest non-oil and gas import goods during December 2024 were China 7.28 billion or 40.65 percent.

Then, Japan 1.34 billion or 7.48 percent and Austarlia 0.87 billion US dollars or 4.84 percent.

Meanwhile, non-oil and gas imports from ASEAN amounted to 2.70 billion US dollars or 15.08 percent and the European Union 1.15 billion US dollars or 6.38.