Indonesia's Raw Material Imports Increased by 53% by December 2021

The Central Statistics Agency (BPS) reported that Indonesia's import value reached US$21.36 billion in December 2021. This figure increased by 47.93% from US$14.4 billion in December 2020.

Based on their use, the highest import value originated from raw/auxiliary materials, reaching US$15.63 billion, a 53% increase from the previous year's US$10.19 billion.

Next, the import value of capital goods amounted to US$3.24 billion. This figure grew by 28% from US$2.53 billion in December 2020.

For information, imports of raw/auxiliary materials and capital goods influence the performance of the manufacturing industry. The growth of these two imports impacted Indonesia's Purchasing Managers' Index (PMI), which showed expansive performance above 50, namely 53.5 points in December 2021.

Meanwhile, imports of consumer goods amounted to US$2.49 billion. This import increased by 45% from the previous year's US$1.72 billion.