Indonesia's September 2022 Exports and Imports Decline, but Remain Higher Than Last Year

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Viva Budy Kusnandar 17/10/2022 13:40 WIB

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Indonesia's export and import values decreased month-on-month in September 2022. However, the values remained higher than the year-ago period.

Indonesia's Export and Import Values (September 2021 - September 2022)

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Indonesia's September 2022 Exports and Imports Decline, but Remain Higher Than Last Year

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Indonesia's Export and Import Values (September 2021 - September 2022)

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The Central Statistics Agency (BPS) reported that Indonesia's export value amounted to US$24.8 billion in September 2022. This achievement decreased by 10.99% compared to the previous month (month-on-month/mom).

However, compared to September 2021, Indonesia's export value still recorded a year-on-year (year-on-year/yoy) growth of 20.28%.

Cumulatively, during the January-September 2022 period, Indonesia's export value still reached US$219.35 billion. This figure increased by 33.49% compared to January-September of the previous year (cumulative-to-cumulative/c-to-c).

The monthly decline in export value was influenced by weakening global demand and the correction of prices for several of Indonesia's main commodities. Specifically, non-oil and gas exports fell by 10.31% (mom) to US$23.47 billion, while oil and gas exports fell by 21.41% (mom) to US$1.32 billion.

In September 2022, Indonesia's import value also decreased by 10.58% (mom) to US$19.81 billion. Specifically, oil and gas imports decreased by 7.44% (mom) to US$3.43 billion, while non-oil and gas imports decreased by 11.21% (mom) to US$16.38 billion.

Nevertheless, Indonesia's imports in September 2022 still grew by 22.01% (yoy) compared to September 2021.

Cumulatively, the national import value for the January-September 2022 period also grew by 28.93% to US$179.49 billion compared to the same period the previous year (c-to-c).

Oil and gas imports grew by 80.21% (c-to-c) to US$31.05 billion, while non-oil and gas imports grew by 21.68% (c-to-c) to US$148.44 billion throughout January-September 2022.

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 September 2022 Exports and Imports Decline, but Remain Higher Than Last Year

Indonesia's September 2022 Exports and Imports Decline, but Remain Higher Than Last Year

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Indonesia's September 2022 Exports and Imports Decline, but Remain Higher Than Last Year

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