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February 17, 2025 | 04:48 pm
TEMPO.CO, Jakarta - Indonesia recorded a drop in exports and imports by 8.56 percent and 15.18 percent, respectively, in January 2025, compared to the previous month, said Statistics Indonesia (BPS). Last month, Indonesia’s export value was logged at US$21.45 billion and imports at US$18 billion.
The Acting Head of BPS, Amalia Adininggar Widyasanti, mentioned that the value of oil and gas exports was recorded at US$1.06 billion, a decline of 31.35 percent. "Meanwhile, the value of non-oil and gas exports decreased by 6.96 percent with a value of US$20.40 billion," said Amalia in the press conference on the progress of Indonesia's export and import in January 2025, on Monday, February 17, 2025.
The slower growth in exports for January 2025, Amalia explained, was mainly driven by the drop in value of non-oil and gas exports, including mineral fuel, animal/vegetable fats and oils, as well as metal ore, slag, and ash. Meanwhile, the slump in oil and gas exports was mainly driven by the drop in gas export value, contributing minus 1.08 percent.
Meanwhile, oil and gas imports hit a 24.69 percent drop with a recorded value of US$2.48 billion. Non-oil and gas imports declined by 13.43 percent with a value of US$15.52 billion. "The month-on-month slowdown in imports was driven by the drop in non-oil and gas imports, contributing 11.34 percent, as well as the 3.84 percent decrease in oil and gas imports,” Amalia explained.
On the other hand, Indonesia recorded a trade surplus of US$3.45 billion in January 2025. "Thus, Indonesia has recorded 57 consecutive months of trade surplus since May 2020," said Amalia.
The surplus in January 2025 was supported by non-oil and gas commodities. The main contributors were mineral fuel, animal/vegetable fats and oils, as well as iron and steel. At the same time, Amalia stated that the trade balance of oil and gas commodities recorded a deficit of US$1.43 billion. "Where the main contributors to the deficit were crude oil and oil products," she added.
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