Exports in June 2023 reached US$20.61 billion & Imports in June 2023 reached US$17.15 billion

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Release Date	:	July 17, 2023
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Abstract

A. EXPORTS

The value of Indonesia’s exports in June 2023 reached US$20.61 billion, decreased 5.08 percent compared to exports in May 2023 and decreased 21.18 percent compared to June 2022.
Non-oil and gas exports in June 2023 reached US$19.34 billion, decreased 5.17 percent compared to non-oil and gas exports in May 2023 and decreased 21.33 percent compared to June 2022.
Cumulatively, Indonesia’s exports during January–June 2023 reached US$128.66 billion, decreased 8.86 percent over the same period in 2022. Likewise, non-oil and gas exports reached US$120.82 billion or decreased 9.32 percent.
The highest decrease of non-oil and gas exports in June 2023 was mineral fuels commodity, in amount of US$441.3 million or decreased 11.54 percent from May 2023. The highest increase was animal or vegetable fats and oils, in amount of US$834.9 million or increased 43.68 percent.
By industry classification, exports of manufacturing products during period January–June 2023 decreased by 10.19 percent; exports of agriculture, forestry, and fisheries also decreased by 3.41 percent; along with exports of mining and others decreased by 6.72 percent compared to the same period in 2022.
The main country destinations of non-oil and gas exports in June 2023 were China at US$4.58 billion, United States of America at US$1.96 billion, and India at US$1.67 billion, with the contribution of the three reached 42.42 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.78 billion and US$1.32 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January– June 2023 came from Jawa Barat with a value of US$17.89 billion (13.91 percent), followed by Kalimantan Timur at US$15.00 billion (11.66 percent) and Jawa Timur at US$11.13 billion (8.66 percent).

B. IMPORTS

Imports of Indonesia in June 2023 were worth US$17.15 billion, decreased by 19.40 percent compared with May 2023, and fell by 18.35 percent compared with June 2022.
Imports of oil and gas in June 2023 were worth US$2.22 billion, decreased by 29.12 percent compared with May 2023, and decreased by 39.49 percent compared with June 2022.
Imports of non-oil and gas in June 2023 were worth US$14.93 billion, decreased by 17.73 percent compared with May 2023, and fell by 13.86 percent compared with June 2022.
The most significant decrease in imports of non-oil and gas in June 2023 was machinery/mechanical appliances and parts thereof which fell by US$509.2 million (16.48 percent). On the contrary, residues and waste from food industries experinced the highest rise with US$89.3 million (24.66 percent) increase.
The largest trading partner countries of non-oil and gas imports in January–June 2023 were China US$29.99 billion (32.56 percent), Japan US$8.23 billion (8.94 percent), and Thailand US$5.31 billion (5.77 percent). Imports of non-oil and gas from ASEAN and EU countries were US$15.27 billion (16.59 percent) and US$6.90 billion (7.49 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January–June 2023 experienced the highest fall with a US$10,037.4 million (11.14 percent) decrease. In contrast, imports of capital goods and consumption goods experienced increases with US$2,315.9 million (13.97 percent) and US$266.7 million (2.81 percent) rises, respectively.
Indonesia’s balance of trade in June 2023 experienced a surplus of US$3.45 billion, which mainly affected by a surplus of non-oil and gas of US$4.41 billion. On the other hand, there was a deficit of US$0.96 billion in oil and gas.

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Exports in June 2023 reached US$20.61 billion & Imports in June 2023 reached US$17.15 billion