JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's import value in May 2024 reached 19.40 billion US dollars, up 14.82 percent compared to April 2024 which reached 16.90 billion US dollars.
BPS Deputy for Production Statistics M. Habibullah said that the value of oil and gas imports in May 2024 was worth 2.75 billion US dollars or down 7.91 percent compared to April 2024.
Meanwhile, the value of non-oil and gas imports in May 2024 was worth 16.65 billion US dollars, up 19.70 percent compared to April 2024.
"The increase in the monthly import value was mainly due to the increase in the value of non-oil and gas imports with a contribution of 16.22 percent," said Habibullah in a press conference, Wednesday, June 19.
Meanwhile, on an annual basis, Indonesia's import value in May 2024 was recorded at 19.40 billion US dollars or down 8.83 percent compared to the same period last year which was 21.28 billion US dollars.
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Habibullah said that the annual decline in imports was influenced by a decline in oil and gas imports by 12.34 percent and non-oil and gas by 8.23 percent.
The decline in non-oil and gas imports was driven by commodities such as vehicles and their parts (HS 87), iron and steel (HS 72), and machinery and mechanical equipment and their parts (HS 84).
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