Indonesia's Export Market Weakens Through April 2023, Except for China

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Adi Ahdiat 15/05/2023 17:40 WIB

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Of Indonesia's 13 main export markets, China was the only country to record an increase in demand during the January-April 2023 period.

Percentage Increase/Decrease in the Value of Indonesian Non-Oil and Gas Exports by Main Destination Country (January-April 2023*)

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Indonesia's Export Market Weakens Through April 2023, Except for China

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Percentage Increase/Decrease in the Value of Indonesian Non-Oil and Gas Exports by Main Destination Country (January-April 2023*)

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Based on data from the Central Bureau of Statistics (BPS), Indonesia's export performance during the first four months of this year has shown a downward trend.

During the January-April 2023 period, Indonesia's total non-oil and gas export value reached USD 81.08 billion. This is approximately 8.6% lower compared to the January-April period last year.

Of Indonesia's 13 main export markets, China was the only country to record an increase in demand.

In January-April 2023, Indonesia's non-oil and gas exports to China reached USD 20.57 billion, a 12.9% increase compared to the same period last year.

Meanwhile, export values to other major destination countries decreased. The sharpest contractions originated from the Netherlands, the United States, and Malaysia.

During January-April 2023, Indonesia's non-oil and gas exports to the Netherlands reached USD 1.24 billion, a decrease of 35.25% compared to the same period last year.

Furthermore, non-oil and gas exports to the United States fell by 27.77% to USD 7.4 billion, and exports to Malaysia fell by 22.99% to USD 2.98 billion.

Export values to other major ASEAN markets, namely Singapore and Thailand, also decreased significantly, with percentage details as shown in the graph.

Despite the overall weakening export performance, Indonesia still managed to achieve a trade surplus.

In April 2023, Indonesia achieved a trade balance surplus of USD 3.94 billion. This surplus is approximately 39% higher than in March 2023, marking the 36th consecutive surplus in the last three years.

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."

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Indonesia's Export Market Weakens Through April 2023, Except for China

Indonesia's Export Market Weakens Through April 2023, Except for China

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