June 2023 Imports Drop 19 Percent, Compact Oil And Gas Sectors Slope

Illustration (Photo: Doc. Antara)

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's import value in June 2023 was 17.1 billion US dollars. This figure is down 19.4 percent month to month (mtm) compared to May 2023 which amounted to US$21.2 billion.

BPS Main Secretary Atqo Mardiyanto said oil and gas imports in June 2023 were worth US$2.2 billion, down 29.1 percent compared to May 2023. Meanwhile, non-oil and gas imports also fell 17.7 percent to 14.93 billion.

The largest decline in imports of non-oil and gas items in June 2023 compared to May 2023 is machinery/mechanical equipment and its parts are worth 509.2 million US dollars (16.48 percent). While the biggest increase is the absorption and food industry 89.3 million US dollars (24.66 percent)," he told the media crew, Monday, July 17.

Atqo explained that the three largest suppliers of non-oil and gas import goods during January 'June 2023 were China 29.9 billion US dollars (32.56 percent), Japan 8.2 billion US dollars (8.94 percent), and Thailand 5.31 billion US dollars (5.77 percent).

It was stated that non-oil and gas imports from ASEAN were US$15.27 billion (16.59 percent) and the European Union US$6.90 billion (7.49 percent).

"According to the category of use of goods, the value of imports in January 'June 2023 against the same period the previous year saw an increase in the class of capital goods worth US$2.3 billion (13.97 percent) and consumption goods US$266.7 million (2.81 percent). Meanwhile, imports of raw/auxiliary materials decreased by 10.0 billion US dollars (11.14 percent)," he said.

Meanwhile, Indonesia's trade balance in June 2023 experienced a surplus of USD 3.45 billion with an export record of USD 20.6 million.

"Indonesia's trade balance surplus mainly comes from the non-oil and gas sector of US$4.4 billion, but is induced by the oil and gas sector deficit of US$960 million," concluded Atqo.