Exports in August 2023 reached US$22.00 billion & Imports in August 2023 reached US$18.88 billion

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Release Date	:	September 15, 2023
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Abstract

A. EXPORTS

The value of Indonesia’s exports in August 2023 reached US$22.00 billion, increased 5.47 percent compared to exports in July 2023 but decreased 21.21 percent compared to August 2022.
Non-oil and gas exports in August 2023 reached US$20.69 billion, increased 5.35 percent compared to non-oil and gas exports in July 2023 but decreased 21.25 percent compared to August 2022.
Cumulatively, Indonesia’s exports during January–August 2023 reached US$171.52 billion, decreased 11.85 percent over the same period in 2022. Likewise, non-oil and gas exports reached US$161.13 billion or decreased 12.27 percent.
The highest increase of non-oil and gas exports in August 2023 was ores, slag, and ash commodity, in amount of US$790.8 million or increased 223.50 percent from July 2023. The highest decrease was mineral fuels, in amount of US$265.6 million or decreased 8.42 percent.
By industry classification, exports of manufacturing products during period January–August 2023 decreased by 11.08 percent; exports of agriculture, forestry, and fisheries also decreased by 8.14 percent; along with exports of mining and others decreased by 16.58 percent compared to the same period in 2022.
The main country destinations of non-oil and gas exports in August 2023 were China at US$5.38 billion, United States at US$2.13 billion, and India at US$1.84 billion, with the contribution of the three reached 45.20 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$3.82 billion and US$1.26 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January– August 2023 came from Jawa Barat with a value of US$24.58 billion (14.33 percent), followed by Kalimantan Timur at US$19.25 billion (11.23 percent) and Jawa Timur at US$14.36 billion (8.37 percent).

B. IMPORTS

Imports of Indonesia in August 2023 were worth US$18.88 billion, decreased by 3,53 percent compared with July 2023, and fell by 14.77 percent compared with August 2022.
Imports of oil and gas in August 2023 were worth US$2.66 billion, decreased by 15.01 percent compared with July 2023, and decreased by 28.08 percent compared with August 2022.
Imports of non-oil and gas in August 2023 were worth US$16.22 billion, decreased by 1,34 percent compared with July 2023, and fell by 12.10 percent compared with August 2022.
The most significant decrease in imports of non-oil and gas in August 2023 was ships, boats, and floating structures which fell by US$198.0 million (62.31 percent). On the contrary, residues and waste from food industries experinced the highest rise with US$138.7 million (42.59 percent) increase.
The largest trading partner countries of non-oil and gas imports in January–August 2023 were China US$40.72 billion (32.65 percent), Japan US$11.15 billion (8.94 percent), and Thailand US$6.95 billion (5.57 percent). Imports of non-oil and gas from ASEAN and EU countries were US$20.62 billion (16.53 percent) and US$9.65 billion (7.74 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January–August 2023 experienced the highest fall with a US$16,236.6 million (13.14 percent) decrease. In contrast, imports of capital goods and consumption goods experienced increases with US$2,740.2 million (11.85 percent) and US$996.2 million (7.66 percent) rises, respectively.
Indonesia’s balance of trade in August 2023 experienced a surplus of US$3.12 billion, which mainly affected by a surplus of non-oil and gas of US$4.46 billion. On the other hand, there was a deficit of US$1.34 billion in oil and gas.

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Exports in August 2023 reached US$22.00 billion & Imports in August 2023 reached US$18.88 billion