Development of Indonesia’s Export Import Balance April 2023

A. EXPORT DEVELOPMENT

Indonesia’s export value in April 2023 reached US$19.29 billion, down 17.62 percent compared to exports in March 2023. Compared to April 2022, the export value fell by 29.40 percent.
April 2023 non-oil and gas exports reached US$18.03 billion, down 18.33 percent compared to March 2023, as well as a 30.35 percent decrease compared to April 2022 non-oil and gas exports.
Cumulatively, the value of Indonesia’s exports from January to April 2023 reached US$86.35 billion, down 7.61 percent compared to the same period in 2022. Meanwhile, non-oil and gas exports reached US$81.08 billion, down 8.62 percent.
The largest decrease in non-oil and gas exports in April 2023 compared to March 2023 occurred in precious metals and jewelry/gems of US$ 573.4 million (52.30 percent), while the largest increase occurred in metal ore, slag and ash of US$ 166.8 million ( 26.16 percent).
By sector, non-oil and gas exports from the processing industry from January to April 2023 fell 12.89 percent compared to the same period in 2022, likewise exports of agricultural, forestry and fishery products fell 10.86 percent, while exports of mining and other products rose 8.44 percent.
The largest non-oil and gas export in April 2023 was to China, namely US$4.62 billion, followed by the United States US$1.57 billion and India US$1.54 billion, with the contribution of the three of them reaching 42.92 percent. Meanwhile exports to ASEAN and the European Union (27 countries) amounted to US$3.16 billion and US$1.44 billion respectively.
According to the province of origin of the goods, Indonesia’s largest exports in January-April 2023 came from West Java with a value of US$11.45 billion (13.26 percent), followed by East Kalimantan with US$10.35 billion (11.99 percent) and East Java with US$7. .76 billion (8.98 percent).

B. IMPORT DEVELOPMENT

Indonesia’s April 2023 import value reached US$15.35 billion, down 25.45 percent compared to March 2023 or down 22.32 percent compared to April 2022.
April 2023 oil and gas imports were valued at US$2.96 billion, down 1.98 percent compared to March 2023 or down 22.52 percent compared to April 2022.
April 2023 non-oil and gas imports were valued at US$12.39 billion, down 29.48 percent compared to March 2023 or down 22.27 percent compared to April 2022.
The largest decline in imports of non-oil and gas goods in April 2023 compared to March 2023 was electrical machinery/equipment and parts thereof US$820.1 million (32.01 percent). Meanwhile, the biggest increase was the waste and food industry at US$73.2 million (22.48 percent).
The three largest suppliers of non-oil and gas imported goods during January-April 2023 were China US$19.18 billion (32.50 percent), Japan US$5.24 billion (8.88 percent), and Thailand US$3.53 billion (5.98 percent). percent). Non-oil and gas imports from ASEAN were US$9.97 billion (16.89 percent) and the European Union US$4.35 billion (7.37 percent).
According to the category of goods used, the value of imports from January to April 2023 compared to the same period the previous year decreased in the raw/auxiliary materials category of US$6,818.0 million (11.52 percent) and consumer goods of US$174.5 million (2.77 percent). , however, capital goods increased by US$720.9 million (6.51 percent)
Indonesia’s April 2023 trade balance experienced a surplus of US$3.94 billion, mainly from the non-oil and gas sector of US$5.64 billion, but was reduced by a deficit in the oil and gas sector of US$1.70 billion.

Source: https://www.bps.go.id/pressrelease/2023/05/15/1965/ekspor-april-2023-mencapai-us-19-29-miliar–turun-17-62-persen-dibanding-maret-2023-dan-impor-april-2023-senilai-us-15-35-miliar–turun-25-45-persen-dibanding-maret-2023.html