Indonesia's August 2022 import value rose 3.77%, BPS reports.

Indonesia's Statistics Agency (BPS) recorded that the value of imports in August 2022 reached US$22.15 billion. This figure increased by 3.77 percent compared to July 2022 and by 32.81 percent compared to August 2021.

The increase in imports in August was driven by non-oil and gas imports. Non-oil and gas imports in August 2022 were recorded at US$18.45 billion, up 9.23 percent compared to July 2022 and up 26.11 percent compared to August 2021.

The largest increase in non-oil and gas imports in August 2022 compared to July 2022 was in machinery and mechanical appliances and parts, at US$357.2 million (13.63 percent). The largest decrease was in precious metals and jewelry/gems, at US$141.1 million (28.02 percent).

The three largest suppliers of non-oil and gas imports from January to August 2022 were China at US$44.59 billion (33.77 percent), Japan at US$11.35 billion (8.60 percent), and Thailand at US$7.68 billion (5.82 percent). Non-oil and gas imports from ASEAN totaled US$22.60 billion (17.12 percent), and from the European Union, US$7.35 billion (5.56 percent).

Meanwhile, oil and gas imports in August 2022 amounted to US$3.70 billion, down 16.92 percent compared to July 2022 but up 80.63 percent compared to August 2021.

By goods usage category, the value of imports from January to August 2022 compared to the same period in the previous year showed an increase in consumer goods at US$696.1 million (5.65 percent), raw materials/supporting materials at US$30,533.0 million (32.82 percent), and capital goods at US$5,467.0 million (30.97 percent).

Indonesia's trade balance in August 2022 showed a surplus of US$5.76 billion, primarily from the non-oil and gas sector (US$7.74 billion), but reduced by a deficit in the oil and gas sector of US$1.98 billion.