Indonesia's Exports and Imports Decline in 2023, Trade Surplus Shrinks

Trade

Lite

Cindy Mutia Annur 15/01/2024 17:19 WIB

URL has been copied

Memuat...

According to BPS reports, Indonesia's export and import values decreased in 2023, resulting in a contraction of the trade surplus.

Indonesia's Annual Export and Import Values (2013-2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesia's Exports and Imports Decline in 2023, Trade Surplus Shrinks

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Indonesia's Annual Export and Import Values (2013-2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

According to a report by the Central Statistics Agency (BPS), Indonesia's export and import values decreased in 2023.

Specifically, the value of exports throughout 2023 reached US$258.82 billion, down 11.33% compared to 2022 (year-on-year/yoy).

This decline in export value was due to decreased performance in both oil and gas and non-oil and gas exports.

In 2023, non-oil and gas exports fell by 11.96% (yoy) to US$242.89 billion, while oil and gas exports decreased by 0.47% (yoy) to US$15.92 billion.

Meanwhile, the value of imports throughout 2023 decreased by 6.55% (yoy) to US$221.88 billion. This decrease also occurred in both the oil and gas and non-oil and gas sectors.

In detail, the value of non-oil and gas imports fell by 5.57% (yoy) to US$186.05 billion, and oil and gas imports plummeted by 11.35% (yoy) to US$35.83 billion.

Despite these conditions, Indonesia's trade balance still recorded a surplus of US$36.93 billion throughout 2023.

However, this trade surplus dropped by 32.18% (yoy) compared to 2022, which reached US$54.45 billion.

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."