Indonesia's Non-Oil and Gas Exports Weaken in the First Half of 2024
- A Small
- A Medium
- A Bigger
According to the Central Bureau of Statistics (BPS) report, Indonesia's non-oil and gas exports in the first half of 2024 reached US$117.19 billion.
This figure is down 2.99% compared to the first half of last year (cumulative-to-cumulative/ctc).
Of Indonesia's top 10 non-oil and gas export categories, the sharpest decline was in mineral fuels, followed by animal and vegetable fats and oils.
Meanwhile, the only major commodities that saw export value increases were nickel, precious metals and jewelry/gems, and footwear.
Here's a breakdown of the export values for Indonesia's top 10 non-oil and gas commodities in the first half of 2024:
Export Value Decrease:
1. Mineral fuels: US$19.45 billion, down 18.95% (ctc)
2. Animal and vegetable fats and oils: US$12.14 billion, down 9.76% (ctc)
3. Iron and steel: US$12.56 billion, down 2.82% (ctc)
4. Electrical machinery and equipment/parts: US$6.96 billion, down 18.95% (ctc)
5. Vehicles and parts: US$5.12 billion, down 5.15% (ctc)
6. Mechanical machinery and equipment/parts: US$6.96 billion, down 18.95% (ctc)
7. Various chemical products: US$2.93 billion, down 7.84% (ctc)
Export Value Increase:
1. Nickel and nickel products: US$3.54 billion, up 2.49% (ctc)
2. Precious metals and jewelry/gems: US$4.76 billion, up 21.74% (ctc)
3. Footwear: US$3.24 billion, up 0.74% (ctc)
Cumulatively, the above 10 commodity groups contributed 63% to the total value of national non-oil and gas exports in the first half of 2024.
"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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