Exports in October 2023 reached US$22.15 billion & Imports in October 2023 reached US$18.67 billion

Release Date	:	November 15, 2023
File Size	:	3.42 MB

Abstract

A. Exports

The value of Indonesia’s exports in October 2023 reached US$22.15 billion, increased 6.76 percent compared to exports in September 2023 but decreased 10.43 percent compared to October 2022.
Non-oil and gas exports in October 2023 reached US$20.78 billion, increased 7.42 percent compared to non-oil and gas exports in September 2023 and decreased 11.36 percent compared to October 2022.
Cumulatively, Indonesia’s exports during January–October 2023 reached US$214.41 billion, decreased 12.15 percent over the same period in 2022. Likewise, non-oil and gas exports reached US$201.25 billion or decreased 12.74 percent.
The highest increase of non-oil and gas exports in October 2023 was mineral fuels commodity, in amount of US$673.1 million or increased 24.61 percent from September 2023.
The highest decrease was electrical machinery and equipment and parts thereof, in amount of US$86.8 million or decreased 7.48 percent.
By industry classification, exports of manufacturing products during period January–October 2023 decreased by 10.30 percent; exports of agriculture, forestry and fisheries also decreased by 10.44 percent; along with exports of mining and others decreased by 20.80 percent compared to the same period in 2022.
The main country destinations of non-oil and gas exports in October 2023 were China at US$5.78 billion, India at US$1.87 billion, and United States at US$1.82 billion, with the contribution of the three reached 45.63 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.66 billion and US$1.26 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January– October 2023 came from Jawa Barat with a value of US$30.76 billion (14.35 percent), followed by Kalimantan Timur at US$23.48 billion (10.95 percent), and Jawa Timur at US$18.26 billion (8.51 percent).

B. Imports

Imports of Indonesia in October 2023 were worth US$18.67 billion, increased by 7.68 percent compared with September 2023, but fell by 2.42 percent compared with October 2022.
Imports of oil and gas in October 2023 were worth US$3.21 billion, decreased by 3.66 percent compared with September 2023, and decreased by 4.68 percent compared with October 2022.
Imports of non-oil and gas in October 2023 were worth US$15.46 billion, increased by 10.37 percent compared with September 2023, but fell by 1.94 percent compared with October 2022.The most significant increase in imports of non-oil and gas in October 2023 was electrical machinery/equipments and parts thereof which increased by US$386.8 million (21.06 percent). On the contrary, iron and steel experienced the highest fall with US$47.4 million (5.30 percent) decrease.
The largest trading partner countries of non-oil and gas imports in January– October 2023 were China US$51.03 billion (33.09 percent), Japan US$13.92 billion (9.02 percent), and Thailand US$8.55 billion (5.55 percent). Imports of nonoil and gas from ASEAN and EU countries were US$25.78 billion (16.72 percent) and US$11.80 billion (7.65 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January– October 2023 experienced the highest fall with a US$19,317.3 million (12.65 percent) decrease. In contrast, imports of capital goods and consumption goods experienced increases with US$2,749.3 million (9.32 percent) and US$1,138.6 million (6.96 percent) rises, respectively.
Indonesia’s balance of trade in October 2023 experienced a surplus of US$3.48 billion, which mainly affected by a surplus of non-oil and gas of US$5.31 billion. On the other hand, there was a deficit of US$1.83 billion in oil and gas.

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