BPS Report Imports August 2023 Experienced Annual And Monthly Reduction

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's import value in August 2023 was 18.88 billion.

Plt. Head of BPS Amalia Adininggar Widyasanti said the book fell 3.53 percent on a monthly basis (month to month/mtm) compared to July 2023.

"This opening is down more deeply on an annual basis (year on year / yoy) 14.77 percent compared to August 2022," he said at a press conference, September 14.

Amalia explained that oil and gas imports in August 2023 were worth US$2.66 billion, down 15.01 percent compared to July 2023 and down 28.08 percent compared to August 2022.

"Non-oil and gas imports in August 2023 are worth 16.22 billion, down 1.34 percent compared to July 2023 and down 12.10 percent compared to August 2022," he said.

According to Amalia, the largest decline in imports of non-oil and gas goods in August 2023 compared to July 2023 were ships, boats, and floating structures worth US$198.0 million (62.31 percent). While the biggest increase was the absorption and food industry of 138.7 million US dollars (42.59 percent).

It was stated that the three largest suppliers of non-oil and gas import goods during January August 2023 were China US$40.72 billion (32.65 percent), Japan US$11.15 billion (8.94 percent), and Thailand US$6.95 billion (5.57 percent).

"Meanwhile, non-oil and gas imports from ASEAN 20.62 billion US dollars (16.53 percent) and the European Union 9.65 billion US dollars (7.74 percent)," he said.

Amalia continued, according to the category of use of goods, the value of imports from January to August 2023 against the same period the previous year saw an increase in the class of capital goods worth US$2,740.2 million (11.85 percent) and consumer goods of 996.2 million US dollars (7.66 percent). Meanwhile, imports of raw/auxiliary materials fell by 16,236.6 million US dollars (13.14 percent).

In general, Indonesia's trade balance in August 2023 experienced a surplus of US$3.12 billion, mainly from the non-oil and gas sector of US$4.46 billion, but was induced by a deficit in the oil and gas sector worth US$1.34 billion.