Import Value Hits Record High Since January 2015

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16/11/2017 09:29 WIB

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Indonesia's Import Value (January 2015 - October 2017)

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Indonesia's Import Value (January 2015 - October 2017)

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Based on a release from the Central Statistics Agency (BPS), Indonesia's import value in October 2017 grew by 11.04 percent to US$126.68 billion compared to the previous month (MoM). This import value is also the highest record in the last 34 months, or since January 2015. Compared to October 2016, the import value increased by 23.33 percent, and cumulatively from January to October 2017, it also increased by 14.95 percent compared to the same period the previous year (YoY).

According to the country of origin, Indonesia's largest imports still came from China, reaching US$27.98 billion, followed by Japan with a value of US$12.37 billion, Thailand with US$7.64 billion, and Singapore with US$6.52 billion.

Based on the use of goods, the value of raw material/auxiliary imports increased by 16.32 percent to US$95.54 billion, and capital goods increased by 9.5 percent to US$19.7 billion. Meanwhile, imports of consumer goods also grew by 13.48 percent to US$11.44 billion.

"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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Import Value Hits Record High Since January 2015

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