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Non-oil and gas exports to most partner countries decreased in the first quarter of 2024.

Adi Ahdiat 22/04/2024 18:04 WIB

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According to BPS data, Indonesia's non-oil and gas exports to its main trading partners generally weakened in the first quarter of 2024.

Percentage Increase/Decrease in the Value of Indonesian Non-Oil and Gas Exports to 13 Main Partner Countries (Quarter I 2024*)

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Non-oil and gas exports to most partner countries decreased in the first quarter of 2024.

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Percentage Increase/Decrease in the Value of Indonesian Non-Oil and Gas Exports to 13 Main Partner Countries (Quarter I 2024*)

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The Central Statistics Agency (BPS) recorded 13 countries as Indonesia's main trading partners for non-oil and gas exports.

However, export values to these partner countries generally decreased in Q1 2024.

The most significant decline occurred in transactions with Singapore.

In Q1 2024, Indonesia's non-oil and gas exports to Singapore were only US$1.70 billion, a 31.21% decrease compared to Q1 of the previous year (cumulative-to-cumulative/ctc).

Similar declines occurred in non-oil and gas exports to Germany, Italy, China, Japan, Malaysia, Taiwan, and Thailand, with values falling in the range of 10-20% (ctc).

Meanwhile, the decrease in export value to South Korea was relatively smaller, at only 2.54% (ctc).

There were also increases in exports to a small number of other partner countries, namely Australia, the Netherlands, India, and the United States, as shown in the graph.

However, the nominal value of exports to these countries was relatively small, so they were unable to boost the aggregate national export performance.

As a result, in Q1 2024, the total value of Indonesia's non-oil and gas exports weakened by 7.53% (ctc) to US$58.3 billion.

Here is a breakdown of the value of Indonesia's non-oil and gas exports to its 13 main partner countries in Q1 2024, ordered from largest to smallest:

1. China: US$ 13.36 billion
2. United States: US$ 6.28 billion
3. India: US$ 5.09 billion
4. Japan: US$ 4.66 billion
5. Malaysia: US$ 2.44 billion
6. South Korea: US$ 2.31 billion
7. Singapore: US$ 1.70 billion
8. Taiwan: US$ 1.44 billion
9. Thailand: US$ 1.35 billion
10. Australia: US$ 1.15 billion
11. Netherlands: US$ 1.09 billion
12. Germany: US$ 566.2 million
13. Italy: US$ 559.4 million

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Non-oil and gas exports to most partner countries decreased in the first quarter of 2024.

Non-oil and gas exports to most partner countries decreased in the first quarter of 2024.

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Non-oil and gas exports to most partner countries decreased in the first quarter of 2024.

Non-oil and gas exports to most partner countries decreased in the first quarter of 2024.

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