China's Non-Oil and Gas Exports Increased in July 2023, While Other Countries Saw a Decline

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Cindy Mutia Annur 16/08/2023 20:09 WIB

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Based on data from the Central Statistics Agency (BPS), China was the main market for Indonesia's non-oil and gas exports during that period, reaching US$4.92 billion. This figure represents 25.07% of

Indonesia's Non-Oil and Gas Export Share by Main Destination (July 2022-July 2023)

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China's Non-Oil and Gas Exports Increased in July 2023, While Other Countries Saw a Decline

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Indonesia's Non-Oil and Gas Export Share by Main Destination (July 2022-July 2023)

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Based on data from the Central Statistics Agency (BPS), Indonesia's non-oil and gas exports in July 2023 fell by 18.03% year-on-year (YoY) to US$19.65 billion.

China was the main market for Indonesia's non-oil and gas exports during this period, reaching US$4.92 billion. This figure represents 25.07% of Indonesia's total non-oil and gas exports in July 2023.

"Over the past year, the share of non-oil and gas exports to China has increased," said BPS in its report.

This is evident in July 2022, when the market share of Indonesia's non-oil and gas exports to China was 20.78%. This means there was a 4.29 percentage point increase in market share.

This contrasts with other major destinations for Indonesia's non-oil and gas exports, which experienced a decline in market share over the past year.

For example, the share of Indonesia's non-oil and gas exports to ASEAN countries fell from 19.43% in July 2022 to 18.34% in July 2023.

The same happened with the United States and India. Indonesia's non-oil and gas export share to the US dropped to 10.35% in July 2023 from 10.38% the previous year. Meanwhile, Indonesia's non-oil and gas export share to India decreased from 9.34% to 9.28% during the same period.

Similarly, the market share of Indonesia's non-oil and gas exports to European Union countries decreased to 6.54% in July 2023, from 7.73% in July 2022.

Furthermore, the share of Indonesia's non-oil and gas exports to other countries also decreased in July 2023 to 30.51%. In July 2022, Indonesia's non-oil and gas export share to these other countries reached 32.34%.

Editor : Erlina Fury Santika

"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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China's Non-Oil and Gas Exports Increased in July 2023, While Other Countries Saw a Decline

China's Non-Oil and Gas Exports Increased in July 2023, While Other Countries Saw a Decline

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China's Non-Oil and Gas Exports Increased in July 2023, While Other Countries Saw a Decline

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