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April imports down 22.32% YoY to US$15.35bn: BPS

Tempo - May 16, 2023

Hanifah Dwijayanti, Jakarta – Indonesia saw a year-on-year (YoY) decline in imports in April 2023 to US$15.35 billion, Statistics Indonesia (BPS) reported. The figure was down 25.45 percent compared to March 2023 (month-to-month) and 22.32 percent year-on-year.

The agency's deputy for methodology and statistical information, Imam Machdi, explained that the figure came from oil and gas imports amounting to US$59.8 million, down 1.98 percent, and non-oil and gas imports at US$180.6 million, down 29.48 percent compared to March 2023.

"In the last three years, the month-to-month April import has always decreased, compared to the same period last year. The January-April 2023 imports decreased by US$6,271.6 million or 8.19 percent," Imam said in a release, Monday, May 15, 2023.

He revealed that the decline was caused by a decrease in oil and gas imports of US$59.8 million or 1.98 percent and non-oil and gas imports of US$5.18 billion or 29.48 percent in April 2023.

"The drop in oil and gas imports was caused by reduced imports of all oil and gas components, such as crude oil at US$33.9 million or 4.15 percent, oil products at US$7.6 million or 0.42 percent, and gas at US$18.3 million or 4.67 percent," he outlined.

Imam further mentioned that non-oil and gas imports in April 2023 reached 12.39 billion, down 29.48 percent mtm or down 22.27 percent yoy.

April imports' biggest drop from the non-oil and gas group was logged in electrical machinery or equipment and their parts valued at US$820.1 million or 32.01 percent. "Meanwhile, the biggest increase in imports is the waste and food industry worth US$73.2 or 22.48 percent," Imam said.

Furthermore, BPS noted that the three largest suppliers of non-oil and gas imported goods during January-April 2023 were China (US$19.18 billion), Japan (US$5.24 billion), and Thailand (US$3.53 billion).

Source: https://en.tempo.co/read/1726177/april-imports-down-22-32-yoy-to-us15-35bn-bp