Import Values Rise To 21.74 Billion US Dollars In July 2024

Import Value (photo: dock. Antara)

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's import value in July 2024 reached 21.74 billion US dollars, an increase of 17.82 percent compared to the previous month which reached 18.45 billion US dollars.

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti conveyed that the value of oil and gas imports in July 2024 was US$3.56 billion, an increase of 8.78 percent compared to the previous month's US$3.27 billion.

Meanwhile, the value of non-oil and gas imports in July 2024 was worth 18.18 billion US dollars, or an increase of 19.76 percent compared to the previous month of 15.18 billion US dollars.

"The increase in the value of imports on a monthly basis is mainly due to an increase in the value of non-oil and gas imports with a contribution of 16.26 percent, while the contribution to increasing the value of oil and gas imports is 1.56 percent," he said at a press conference, Thursday, August 15.

Meanwhile, on an annual basis, the import value in July 2024, which amounted to 21.74 billion US dollars, rose 11.07 percent compared to the same period last year which amounted to 19.57 billion US dollars.

Amalia conveyed that the import value of oil and gas and gas in July 2024 on an annual basis increased by 13.59 percent and 10.06 percent, respectively. The increase in the value of oil and gas imports was driven by an increase in volume and an increase in the average aggregate price.

"We can more specifically convey that the oil and gas group that experienced a fairly high increase in import value was imports of oil products which increased by 30 percent. Meanwhile, the increase in the value of non-oil and gas imports was driven by an increase in volume of 31.74 percent," he said.