Exports

• Total Exports in May 2024: 22,326.8 million USD
• Export Growth: 2.86% compared to May 2023 (21,706.8 million USD)
• Breakdown by Sector:
  • Agriculture, Forestry, and Fisheries: 1,419.1 million USD (up from 1,308.6 million USD in May 2023)
  • Oil and Gas: 397.7 million USD (up from 390.2 million USD in May 2023)
  • Mining and Others: 4,213.5 million USD (down from 4,437.6 million USD in May 2023)
  • Manufacturing Industry: 16,296.5 million USD (up from 15,570.4 million USD in May 2023)

Imports

• Total Imports in May 2024: 19,399.8 million USD
• Import Decline: 8.83% compared to May 2023 (21,279.6 million USD)
• Breakdown by Type of Goods:
  • Consumer Goods: 1,733.7 million USD (down from 2,068.6 million USD in May 2023)
  • Capital Goods: 3,508.9 million USD (down from 3,904.4 million USD in May 2023)
  • Raw/Supporting Materials: 14,157.2 million USD (down from 15,306.6 million USD in May 2023)

Indonesia’s Trade Balance

• May 2024: Surplus of 2,927.0 million USD
• May 2023: Surplus of 427.2 million USD
• Monthly Trade Balance Comparison:
  • June 2023: 1,291.9 million USD
  • July 2023: 3,112.6 million USD
  • August 2023: 3,450.0 million USD
  • September 2023: 3,473.8 million USD
  • October 2023: 2,411.7 million USD
  • November 2023: 3,825.0 million USD
  • December 2023: 1,996.6 million USD
  • January 2024: 833.5 million USD
  • February 2024: 4,577.7 million USD
  • March 2024: 2,720.1 million USD
  • April 2024: 2,270.1 million USD

Major Trading Partners (Non-Oil and Gas Exports and Imports in May 2024)

• Non-Oil and Gas Exports:
  • China: 4,731.9 million USD
  • United States: 2,184.4 million USD
  • India: 1,945.6 million USD
  • Japan: 1,778.0 million USD
• Non-Oil and Gas Imports:
  • China: 6,051.1 million USD
  • Japan: 1,035.8 million USD
  • United States: 978.9 million USD
  • Australia: 941.7 million USD

Export and Import Trends from May 2023 to May 2024

• The graph shows monthly fluctuations with overall trends:
  • An overall increase in exports from May 2023 to May 2024.
  • An overall decrease in imports from May 2023 to May 2024.

Conclusion

Overall, there was an increase in exports and a decrease in imports in May 2024 compared to May 2023. This resulted in a larger trade surplus in May 2024 compared to the previous year. China remains the main trading partner both in non-oil and gas exports and imports.