Indonesia's Crude Oil Import Volume Increases Compared to Last Year

Viva Budy Kusnandar 11/11/2022 15:30 WIB

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Indonesia's crude oil imports from January to August 2022 reached 9.77 million tons, a 2.55% increase compared to the same period last year.

Indonesia's Crude Oil Import Volume (January 2021-August 2022)

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Indonesia's Crude Oil Import Volume Increases Compared to Last Year

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Indonesia's Crude Oil Import Volume (January 2021-August 2022)

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According to a report by the Central Statistics Agency (BPS), Indonesia imported 1.31 million tons of crude oil in August 2022. This volume decreased by 654,800 tons or 33.38% month-on-month (mom).

However, compared to August 2021, the import volume increased by 196,000 tons or 17.64% year-on-year (yoy).

Cumulatively, from January to August 2022, Indonesia's crude oil import volume reached 9.77 million tons, also up 2.55% compared to the same period last year.

The value of crude oil imports from January to August 2022 reached US$7.51 billion, surging 64.4% compared to the same period the previous year.

This value accounted for 27.17% of national non-oil and gas imports, valued at US$27.67 billion, or 4.7% of total national imports, which reached US$159.68 billion in January-August 2022.

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."