China Becomes The Main Destination Country For Indonesia's Largest Non-Oil And Gas Exports

Import exports (photo: Antara)

JAKARTA - The Central Statistics Agency (BPS) reports that there are three major Indonesian trading partner countries for non-oil and gas exports, namely China, India, and the United States. China became the highest in April 2024 when compared to other countries.

Deputy for Distribution and Services Statistics Agency (BPS) Pudji Ismartini said Indonesia's special non-oil and gas exports to China reached 4.28 billion US dollars, or 23.43 percent of total non-oil and gas exports.

However, Pudji said the export value to China in April 2024 fell when compared to March 2024 which reached 4.75 billion US dollars.

According to Pudji, the decline in non-oil and gas exports to China was driven by a decrease in the export value of mineral fuels, terak ore and metal ash, as well as animal or vegetable fats and oils.

Pudji conveyed that the largest non-oil and gas exports to other countries, namely India, reached 1.81 billion US dollars, or 9.94 percent of Indonesia's total non-oil and gas exports. The value of Indonesia's exports to India increased when compared to the previous month which reached 1.78 billion US dollars.

The next largest export to the United States (US) with a value of up to 1.75 billion US dollars in April 2024, or 9.61 percent of Indonesia's total non-oil and gas exports. However, the value of non-oil and gas exports to the US decreased when compared to the previous month which reached 2.10 billion US dollars.

"The exports of these three countries share around 42.98 percent of Indonesia's total non-oil and gas exports in April 2024," he said at a press conference, Wednesday, May 15.

Furthermore, non-oil and gas exports to the Asean Region were recorded at US$3.35 billion, down from the previous month's 3.80 billion US dollars.

Then, non-oil and gas exports to the European Union amounted to 1.24 billion US dollars, or a decrease compared to the previous month which amounted to 1.45 billion US dollars.

Finally, exports to other countries were recorded at 5.83 billion US dollars, or down from the previous month which amounted to 7.22 billion US dollars.

Overall, non-oil and gas exports in April 2024 reached 18.27 billion US dollars, down 14.06 percent compared to March 2024, while it rose 1.33 percent when compared to non-oil and gas exports in April 2023. Decreased non-oil and gas exports mainly occurred in precious metals and gems (HS 71), with a decrease of 2.12 percent.

Then the decline occurred in electric machinery and equipment and its parts (HS 85) with a decrease of 1.44 percent, as well as vehicles and parts (HS 87) with a decrease of 0.77 percent.

For information, the Central Statistics Agency (BPS) noted that Indonesia's trade balance in April 2024 experienced a surplus of US$3.56 billion, mainly from the non-oil and gas sector of US$5.17 billion, but was induced by a deficit in the oil and gas sector worth US$1.61 billion.