JAKARTA – The Central Statistics Agency (BPS) recorded a 5.31% increase in total imports of oil and gas (migas) and non-oil and gas (nonmigas) commodities throughout 2024 compared to the same period in 2023. The rise in imports was driven by a 1.24% increase in the oil and gas sector and a 6.09% rise in the non-oil and gas sector.

According to BPS data published on Wednesday (15/1), total imports from January to December 2024 amounted to USD 233.65 billion, up from USD 221.88 billion in the same period in 2023. The increase in total imports was attributed to the oil and gas sector, which rose to USD 36.27 billion from USD 35.83 billion, and the non-oil and gas sector, which increased to USD 197.38 billion from USD 186.05 billion.

Oil and gas sector imports comprised USD 10.35 billion in crude oil and USD 25.92 billion in refined oil products.

Meanwhile, non-oil and gas imports included 10 main product categories: Mechanical Machinery and Parts (USD 33.51 billion), Electrical Machinery and Parts (USD 27.04 billion), Iron and Steel (USD 10.66 billion), Plastics and Plastic Products (USD 10.59 billion), and Vehicles and Parts (USD 9.65 billion).

Other notable non-oil and gas imports were Cereals (USD 6.81 billion), Organic Chemicals (USD 7.10 billion), Precious Metals and Jewelry/Gemstones (USD 4.77 billion), Articles of Iron and Steel (USD 4.23 billion), Mineral Fuels (USD 4.38 billion), and Other Goods (USD 78.58 billion).

In December 2024, total imports reached USD 21.22 billion, up 8.10% from USD 19.63 billion in November 2024. Oil and gas imports rose by 28.26% to USD 3.29 billion from USD 2.57 billion, while non-oil and gas imports increased by 5.06% to USD 17.92 billion from USD 17.06 billion. (LK/ZH)