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Indonesia's Oil and Non-Oil Exports Decline in January 2024

Nabilah Muhamad 16/02/2024 13:31 WIB

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According to BPS data, Indonesia's export value decreased in January 2024, in both the oil and gas and non-oil and gas sectors.

Indonesia's Export Value (January 2023-January 2024*)

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Indonesia's Oil and Non-Oil Exports Decline in January 2024

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Indonesia's Export Value (January 2023-January 2024*)

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The Central Statistics Agency (BPS) reported that Indonesia's total export value in January 2024 reached US$20.52 billion, down 8.06% compared to January 2023 (year-on-year/yoy).

This decline in export performance occurred in both the oil and gas and non-oil and gas sectors.

In January 2024, Indonesia's non-oil and gas exports fell 8.20% (yoy) to US$19.13 billion.

The decline in non-oil and gas exports occurred in the following commodity groups: mineral fuels; animal and vegetable fats and oils; electrical machinery and equipment; vehicles and parts; precious metals and jewelry; mechanical machinery and equipment; footwear; and chemical products.

Meanwhile, oil and gas exports fell 6.07% (yoy) to US$1.39 billion. This was triggered by a 24.59% (yoy) drop in oil exports and a 4.19% (yoy) weakening in gas exports.

Based on the province of origin, Indonesia's export value in January 2024 originated mostly from West Java (US$2.95 billion), East Kalimantan (US$2.17 billion), and East Java (US$1.99 billion).

These three provinces contributed 34.61% to the total national export value at the beginning of this 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 Oil and Non-Oil Exports Decline in January 2024

Indonesia's Oil and Non-Oil Exports Decline in January 2024

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Indonesia's Oil and Non-Oil Exports Decline in January 2024

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