Indonesia's Exports Fall in First Half of 2024, Imports Rise Slightly

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Adi Ahdiat 16/07/2024 11:26 WIB

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According to BPS reports, Indonesia's export value decreased in the first half of 2024, while imports increased. Consequently, the national trade surplus shrank.

Indonesia's Export, Import, and Trade Balance Surplus Values for the First Semester (2023-2024)

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Indonesia's Export, Import, and Trade Balance Surplus Values for the First Semester (2023-2024)

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According to the Central Bureau of Statistics (BPS) report, Indonesia's export value in the first half of 2024 reached US$125.09 billion.

This achievement is down 2.76% compared to the first half of last year (cumulative-to-cumulative/ctc).

Meanwhile, Indonesia's import value in the first half of 2024 reached US$109.64 billion, up 0.84% (ctc).

In detail, the decline in exports during this period occurred in non-oil and gas commodities, while the increase in imports was in oil and gas commodities.

In the first half of 2024, the value of non-oil and gas exports fell by 2.99% (ctc) to US$117.19 billion. Meanwhile, the value of oil and gas exports rose by 0.77% (ctc) to US$7.9 billion.

On the other hand, the value of non-oil and gas imports decreased by 0.49% (ctc) to US$91.63 billion. The value of oil and gas imports, however, increased by 8.22% (ctc) to US$18.01 billion.

Thus, the oil and gas trade balance in the first half of 2024 experienced a deficit of US$10.11 billion, while the non-oil and gas trade balance showed a surplus of US$25.52 billion.

Overall, in the first half of 2024, Indonesia recorded a trade surplus of US$15.44 billion. This figure is down 22.43% (ctc) compared to the surplus in the first half of last year.

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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Indonesia's Exports Fall in First Half of 2024, Imports Rise Slightly

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