Indonesia's Import Transactions Decreased in April 2023

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Adi Ahdiat 15/05/2023 16:10 WIB

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Indonesia's import value in April 2023 reached USD 15.35 billion, down 25.45% compared to March 2023 (month-on-month), and down 22.32% compared to April of the previous year (year-on-year).

Indonesia's Monthly Import Value (January 2020–April 2023)

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Indonesia's Monthly Import Value (January 2020–April 2023)

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According to the Central Bureau of Statistics (BPS) report, Indonesia's import value in April 2023 reached USD 15.35 billion.

This figure decreased by 25.45% compared to the import value in March 2023 (month-on-month/mom), and was lower by 22.32% compared to April of the previous year (year-on-year/yoy).

A breakdown by commodity group shows that Indonesia's oil and gas (migas) import value in April 2023 reached USD 2.96 billion, down 1.98% (mom) and 22.52% (yoy).

Meanwhile, non-oil and gas imports reached USD 12.39 billion, down 29.48% (mom) or 22.27% (yoy).

In the non-oil and gas group, the items that experienced a significant monthly decline in import value were vehicles and parts, with a decrease of 37.03% (mom).

Furthermore, iron and steel imports decreased by 36.44% (mom); plastics and plastic goods decreased by 35.14% (mom); electrical machinery/equipment and parts decreased by 32.01% (mom); and mechanical machinery/equipment and parts decreased by 23.45% (mom).

There were also several commodities whose import values increased, but they were not enough to boost national import performance due to their relatively small nominal value.

These commodities include woven goods, whose imports increased by 104.76% (mom); animal meat imports increased by 57.97% (mom); and imports of food industry waste and residue increased by 22.48% (mom).

The largest supplier of non-oil and gas imports during January-April 2023 was China, with a value of USD 19.18 billion. This is equivalent to 32.5% of total national imports during the January-April 2023 period.

During the same period, Indonesia imported a significant amount of non-oil and gas goods from Japan, valued at USD 5.24 billion (8.88%), and Thailand, valued at USD 3.53 billion (5.98%).

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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