1. Oil & Gas and Non Oil & Gas Imports
Indonesia imports in May 2014 amounted to USD 14,755.4 million, down USD 1,499.6 million (9.23 percent) from April 2014. This was due to the decline in the value of non-oil & gas imports by USD 1,513,5 million (12.05 per cent) although oil and gas imports increased slightly to USD 13.9 million (0,38 percent). Increase in oil & gas imports was triggered by the rise in the value of crude oil imports by USD 228.8 million (21.43 percent). While, oil and gas imports decreased by USD 176.0 million (7,48 percent) and USD 38.9 million (14.32 percent).
Indonesian imports from January to May 2014 reached USD 74,241.0 million, down USD 4,533.6 million (0.76 percent) over the same period of the previous year. The decline in oil and gas imports by USD 174,3 million (0.94 percent) and non oil & gas imports by USD 4,359.3 million (7.24 percent) triggered a decrease in Indonesia import value. In more detail, decline in oil & gas imports was caused by the decline in the value of imports of crude oil and oil product by USD 28.7 million (0.50 percent) and USD 172.9 million (1.51 percent). Meanwhile, gas imports increased by USD 27.3 million (2.06)
2. Non Oil & Gas Imports by 2-Digit HS Group of Goods
In May 2014, Indonesian non-oil & gas imports reached USD 11,048.7 million. Of the ten major categories of goods, only waste from the food industries and cereals that experience increase in imports value compared to April 2014, i.e. USD 59.0 million (21.16 percent) and USD 21.6 million (6.70 percent), respectively. Meanwhile, eight other classes of goods experienced a decrease in import value.
Of the eight categories of goods which experienced decline, three classes of goods declined over USD 100.00 million, i.e. machinery and mechanical appliances by USD 297.2 million (12.69 percent), electrical machinery and equipment by USD 242.8 million (14.77 percent), and organic chemicals by USD 106.4 (16.60 percent). The next four categories of goods decreased between USD 50.0 million to USD 100.0 million, i.e. plastics and articles thereof by USD 99.8 million (13.63 percent), iron and steel by USD 98.5 million (12.63 percent), vehicles and parts thereof by USD 71.9 million (12.78 percent), and cotton by USD 51.4 million (18.44 percent). Meanwhile, only iron and steel that decreased below USD 50.0, namely USD 42.6 million or 11.61 percent.
3. Non Oil & Gas Import by Main Countries of Origin
Total value of Indonesia non-oil & gas imports in May 2014 amounted to USD 11,048.7 million, down USD 1,513.5 million (12.05 percent) from April 2014. Similarly, non-oil & gas imports from thirteen major countries fell by 13.93 percent (USD 1,419.0 million). The decrease was primarily due to the decline in the import value in some major countries, such as Japan by USD 397.8 million (24.06 percent), China USD 346.6 million (12.15 percent), the United States USD 156.million (18.62 percent), South Korea USD 152.2 million (20.45 percent), and Singapore USD 135.2 million (14.01).
In term of the role to total non-oil & gas imports in May 2014, ASEAN accounted for the largest part, which is 22.09 percent (USD 2,441.2 million), followed by the European Union at 9.49 percent(USD 1,048.2 million). While, the thirteen major countries provided a role of 79.36 percent, where China and Japan are the largest importers with a contribution of 22.68 percent (USD 2,506.3 million) and 11.36 percent (USD 1,255.3 million), respectively. (E)
Business News - July 2, 2014