Exports in August 2024 reached US$23.56 billion & Imports in August 2024 reached US$20.67 billion

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Release Date	:	September 25, 2024
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Abstract

A. Exports

The value of Indonesia’s exports in August 2024 reached US$23.56 billion, increased 5.97 percent compared to exports in July 2024 and increased 7.13 percent compared to August 2023.
Non-oil and gas exports in August 2024 reached US$22.36 billion, increased 7.43 percent compared to non-oil and gas exports in July 2024 and increased 8.14 percent compared to August 2023.
Cumulatively, Indonesia’s exports during January–August 2024 reached US$170.89 billion, decreased 0.35 percent over the same period in 2023. Likewise, non-oil and gas exports reached US$160.36 billion or decreased 0.46 percent.
Among the top ten commodities of non-oil and gas exports in August 2024, most of the commodities experienced an increased with the highest was animal or vegetable fats and oils, in amount of US$470.8 million or increased 24.50 percent from July 2024. On the other hand, the highest decrease was precious metals and jewellery/precious stones, in amount of US$93.7 million or decreased 11.88 percent.
By industry classification, exports of manufacturing products during period January– August 2024 increased by 2.05 percent; exports of agriculture, forestry, and fisheries also increased by 14.54 percent; while exports of mining and others decreased by 10.62 percent compared to the same period in 2023.
The main country destinations of non-oil and gas exports in August 2024 were China at US$5.33 billion, United States at US$2.61 billion, and Japan at US$1.80 billion, with the contribution of the three reached 43.55 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$4.12 billion and US$1.54 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January–August 2024 came from Jawa Barat with a value of US$24.85 billion (14.54 percent), followed by Jawa Timur at US$16.90 billion (9.89 percent) and Kalimantan Timur at US$16.73 billion (9.79 percent).

B. Imports

Imports of Indonesia in August 2024 were worth US$20.67 billion, decreased by 4.93 percent compared with July 2024, but increased by 9.46 percent compared with August 2023.
Imports of oil and gas in August 2024 were worth US$2.65 billion, decreased by 25.56 percent compared with July 2024, and decreased by 0.51 percent compared with August 2023.
Imports of non-oil and gas in August 2024 were worth US$18.02 billion, decreased by 0.89 percent compared with July 2024, but increased by 11.09 percent compared with August 2023.
The most significant decrease in imports of non-oil and gas among the biggest ten commodities in August 2024 was machinery and mechanical appliances and part thereof which decreased by US$199.7 million (6.30 percent). In contrast, precious metals and jewellery/precious stones was increased by US$144.9 million (34.44 percent).
The largest trading partner countries of non-oil and gas imports in January–August 2024 were China US$45.41 billion (35.52 percent), Japan US$9.30 billion (7.28 percent), and Australia US$6.57 biliion (5.14 percent). Imports of non-oil and gas from ASEAN and EU countries were US$22.69 biliion (17.75 percent) and US$8.33 billion (6.52 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January–August 2024 experienced the highest rise with a US$3,981.9 million (3.71 percent) increase, followed by the increase of consumption goods by US$479.7 million (3.43 percent) and capital goods by US$403.2 million (1.56 percent).
Indonesia’s balance of trade in August 2024 experienced a surplus of US$2.90 billion, which mainly affected by a surplus of non-oil and gas of US$4.34 billion. On the other hand, there was a deficit of US$1.44 billion in oil and gas.

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Exports in August 2024 reached US$23.56 billion & Imports in August 2024 reached US$20.67 billion