Indonesia's exports were recorded at USD $13.17 billion in April 2017, down 10.3 percent month-on-month (m/m) compared to March, but up 12.6 percent year-on year (y/y) compared to April 2016.
On a monthly basis, Indonesia's export performance fell due to falling non-oil & gas exports (specifically a steep decline in animal fat and oil exports), while crude oil exports fell a whopping 50.7 percent (m/m) to USD $302.5 million, and gas fell 18.1 percent (m/m) to USD $587.2 million. But also in terms of volume exports of crude oil and gas fell: 43.7 percent (m/m) and 24.3 percent (m/m), respectively.
Indonesia's non-oil & gas exports in April declined 7.4 percent (m/m) to USD $12.19 billion. However, the figure is a 12.9 percent (y/y) improvement compared to non-oil & gas exports in the same month one year earlier.
Combined, in the first four months of 2017, Indonesia exported a total of USD $53.9 billion of goods, up 18.6 percent compared to USD $48.90 billion in the same period one year earlier, driven by a 19.1 percent (y/y) recovery in non-oil & gas exports.
Most of Indonesia's April 2017 non-oil & gas exports were shipped to China (USD $1.57 billion), followed by the USA (USD $1.36 billion), the European Union (also USD $1.36 billion), and India (USD $1.19 billion).
Meanwhile, imports into Indonesia rose 10.3 percent (y/y) to USD $11.93 billion in April 2017, but fell 10.2 percent (y/y) on a monthly basis. Non-oil & gas imports stood at USD $10.32 billion, down 6.3 percent (m/m) but up 9.2 percent (y/y) compared to the same month one year earlier. Imports of consumer goods grew nearly 26 percent (y/y) but increases in imports of capital goods and raw materials were smaller.
Lastly, imports of oil & gas into Indonesia fell 29.3 percent (m/m) to USD $1.61 billion in April but rose 18.3 percent (y/y).
On a monthly basis, Indonesia's export performance fell due to falling non-oil & gas exports (specifically a steep decline in animal fat and oil exports), while crude oil exports fell a whopping 50.7 percent (m/m) to USD $302.5 million, and gas fell 18.1 percent (m/m) to USD $587.2 million. But also in terms of volume exports of crude oil and gas fell: 43.7 percent (m/m) and 24.3 percent (m/m), respectively.
Indonesia's non-oil & gas exports in April declined 7.4 percent (m/m) to USD $12.19 billion. However, the figure is a 12.9 percent (y/y) improvement compared to non-oil & gas exports in the same month one year earlier.
Combined, in the first four months of 2017, Indonesia exported a total of USD $53.9 billion of goods, up 18.6 percent compared to USD $48.90 billion in the same period one year earlier, driven by a 19.1 percent (y/y) recovery in non-oil & gas exports.
Most of Indonesia's April 2017 non-oil & gas exports were shipped to China (USD $1.57 billion), followed by the USA (USD $1.36 billion), the European Union (also USD $1.36 billion), and India (USD $1.19 billion).
Meanwhile, imports into Indonesia rose 10.3 percent (y/y) to USD $11.93 billion in April 2017, but fell 10.2 percent (y/y) on a monthly basis. Non-oil & gas imports stood at USD $10.32 billion, down 6.3 percent (m/m) but up 9.2 percent (y/y) compared to the same month one year earlier. Imports of consumer goods grew nearly 26 percent (y/y) but increases in imports of capital goods and raw materials were smaller.
Lastly, imports of oil & gas into Indonesia fell 29.3 percent (m/m) to USD $1.61 billion in April but rose 18.3 percent (y/y).
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