JAKARTA – Indonesia’s export value in February 2024 was recorded at USD 19.30 billion, down 9.45% year-on-year (yoy) from the same period in 2024 worth USD 21.32 billion. The export value also shrank 5.79% yoy from January 2024’s export of USD 20.49 billion.

Based on Statistics Indonesia (BPS) published today (15/3), non-oil and gas export arrived at USD 18.09 billion, while oil and gas export was at USD 1.39 billion. It was derived from crude oil of USD 157.2 million, oil products of USD 412 million, gas of USD 828.4 million.

The total export of non-oil and gas directed to 13 destination countries was recorded at USD 13.91 billion or 72.89% of total export throughout February 2024. Top export destination countries in order are China of USD 4.55 billion, followed by the United States of USD 1.99 billion, India of USD 1.78 billion, and Japan of USD 1.45 billion.

Meanwhile, the ASEAN market contributed USD 3.26 billion to total export of Indonesia. The export of non-oil and gas to European Union was reported at USD 1.47 billion, while other top export destination countries (i.e. China, Japan, the US, India, Australia, South Korea, and Taiwan) of USD 11.35 billion.

In February 2023, non-oil and gas export was seen at USD 20.13 billion, while oil-and-gas export was at USD 1.18 billion, derived from crude oil of USD 142.9 million, oil products of USD 306.7 million, and gas of USD 736.9 million.

In January 2024, total export clocked up to USD 20.49 billion, comprising oil and gas export of USD 1.39 billion and non-oil and gas of USD 19.09 billion. Oil and gas export was made up of crude oil export of USD 157.2 million, oil products of USD 412 million, and gas of USD 828.4 million. (LK/ZH)