IMPORTS IN MAY 2014 AT USD 14.76 BILLION

1.  Oil & Gas and Oil & Gas Imports

Indonesia’s imports in July 2014 amounted to USD 14,054,5 million, down USD 1,63.3 million (10.47 percent) compared to June 2014. This was due to the decline in the value of non-oil & gas imports by USD 2,404.9 million (19.55 percent), although oil & gas imports increased USD 761.6 million (22.44 percent). Increase in oil & gas imports was triggered by the increase in the value of crude oil imports by USD 238.9 million (20.58 percent), imports of oil products by USD 405.9 million (19.96 percent), and gas imports by USD 116.8 million (58.43 percent).

Indonesia’s import value in January – July 2014 reached USD 104,008.2 million, down USD 7,819.4 million (6.99 percent) over the same period in the previous year. The decline in oil and gas imports by USD 292.7 million (1.12 percent) and non-oil and gas imports by USD 7,526.7 million (8.79 percent) was trigger of the decline in the value of Indonesia’s imports. In more detail, the decline in oil & gas imports was mainly caused by the decline in the value of imports oil products by USD 629.3 million (3.84 percent). Meanwhile, imports of crude oil and increased by USD 237.9 million (2.95 percent) and USD 98.7 million (5.57 percent), respectively.

2.  Non Oil & Gas Imports by 2-Digit HS Groups off Goods

In July 2014, the value of Indonesia’s non-oil & gas imports reached USD 9,898.7 million. if seen from its development against June 2014, ten main classes of goods by 2-digit HS codes experienced a decline. The highest decline was experienced a decline. The highest decline was experienced by group of machinery and mechanical appliances by USD 516.6 million or 21.36 percent.

Meanwhile, the following there categories of goods decreased between USD 100 milllion to USD 200.0 million, i.e. iron and steel group by USD 194.2 million (23.64 percent), group of electrical machinery and equipment by USD 185.3 million (13.26 percent), and plastics and articles thereof by USD 82.1 million (14.52 percent), articles of iron and steel by USD 77.5 million (18.51 percent), organic chemicals USD 68.5 million (11.18 percent), cereals USD 47.0 million (14.30 percent), cotton USD 42.4 million (23.31 percent), and waste from the food industries USD 24.8 million (6.36 percent).

3.  Non Oil & Gas Import by Main Countries of Origin

The total value of Indonesia’s non-oil & gas Imports in July 2014 amounted to USD 9,898.7 million, down USD 2.404.9 million (19.55 percent) compared to June 2014. Similarly, non-oil & gas imports from thirteen major countries fell by 19.35 percent (USD 1909.8 million). The decreased was primarily due to the decrease in imports value of some major countries, such as China at USD 512.4 million (19,32 percent), the United States USD 236.0 million (28.75 percent), Thailand USD 235.2 million (25.03 percent), South Korea USD 219.0 million (29.22 percent), and Japan USD 193.6 million (12.73 percent).

In terms of the role t total non-oil & gas imports in July 2014, ASEAN accounted for the largest part, namely 22.97 percent (USD 2,274.1 million), followed by the European Union at 8.63 percent (USD 854.2 million). the thirteen major countries provided a role of 80.44 percent, where China and Japan are still the largest importers of Indonesia with a role of 21.62 percent (USD 2,139.7 million) and 13.41 percent (USD 1,327,7 million), respectively. (E)

Business News - September 3, 2014