Indonesia's February 2022 Import Value Down 8.64% (m-to-m)

The Central Statistics Agency (BPS) released data showing that Indonesia's imports reached US$16.64 billion in February 2022.

This figure decreased by 8.64% compared to the previous month (month-to-month/m-to-m). However, compared to February 2021, Indonesia's imports grew by 25.43% (year-on-year/YoY).

The value of oil and gas imports was recorded at US$2.9 billion in February 2022. This figure grew by 30.19% (m-to-m) and surged by 122.52% (YoY). This includes crude oil imports of US$751.3 million, oil products of US$1.8 billion, and gas of US$354.9 million.

National non-oil and gas imports reached US$13.74 billion in February 2022. This value decreased by 14.05% (m-to-m) but increased by 14.84% (YoY).

Cumulatively, for the January-February 2022 period, Indonesia's import value grew by 31.04% (cumulative-to-cumulative/c-to-c) to US$34.85 billion. Oil and gas imports surged by 79.67% (c-to-c) to US$5.13 billion.

In detail, crude oil imports increased by 56.78% (c-to-c), oil product imports increased by 99.73% (c-to-c) to US$3.15 billion, and gas imports grew by 52.37% (c-to-c) to US$827.4 million.

Furthermore, non-oil and gas imports throughout January-February of this year also grew by 25.19% (c-to-c) to US$29.72 billion.