Import of Raw Materials Grew by 33.95% in May 2022

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Dzulfiqar Fathur Rahman 16/06/2022 16:50 WIB

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Imports of raw materials and supporting materials grew by 33.95% in May compared to the same month last year, according to the Central Bureau of Statistics.

Annual Growth of Goods Imports, by Category (May 2022)

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Import of Raw Materials Grew by 33.95% in May 2022

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Annual Growth of Goods Imports, by Category (May 2022)

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Imports of raw materials and supporting materials surged in May, in line with the domestic industry's revival.

The Central Statistics Agency (BPS) reported that imports of raw materials and supporting materials grew by 33.95% to US$14.66 billion in May compared to the previous year. Raw materials constitute the largest proportion of Indonesia's goods imports.

The growth in raw material imports signifies the resurgence of the industrial sector. Factory activity also continued its expansionary trend since September 2021.

Meanwhile, imports of capital goods grew by 29.18% to US$2.44 billion in May compared to the previous year. Capital goods hold the second-largest share in Indonesia's goods imports.

Overall, goods imports grew by 30.74% to US$18.61 billion in May compared to the previous year. This growth rate is higher than the previous month.

Editor : Annissa Mutia

"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."