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October 2024 exports reached US$24.41 billion, up 10.69 percent compared to September and October 2024 imports were valued at US$21.94 billion, up 16.54 percent compared to September 2024.

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Release Date	:	December 12, 2024
File Size	:	2.32 MB

Abstract

A. Exports

The value of Indonesia’s exports in October 2024 reached US$24.41 billion, increased 10.69 percent compared to exports in September 2024 and increased 10.25 percent compared to October 2023.
Non-oil and gas exports in October 2024 reached US$23.07 billion, increased 10.35 percent compared to non-oil and gas exports in September 2024 and increased 11.04 percent compared to October 2023.
Cumulatively, Indonesia’s exports during January–October 2024 reached US$217.24 billion, increased 1.33 percent over the same period in 2023. Likewise, non-oil and gas exports reached US$204.21 billion or increased 1.48 percent.
Among the top ten commodities of non-oil and gas exports in October 2024, most of the commodities experienced an increased with the highest was animal or vegetable fats and oils, in amount of US$1,046.5 million or increased 52.67 percent from September 2024. On the other hand, the highest decrease was precious metals and jewellery/precious stones, in amount of US$102.0 million or decreased 14.46 percent.
By industry classification, exports of manufacturing products during period January– October 2024 increased by 3.75 percent; exports of agriculture, forestry, and fisheries also increased by 23.78 percent; while exports of mining and others decreased by 8.65 percent compared to the same period in 2023.
The main country destinations of non-oil and gas exports in October 2024 were China at US$5.66 billion, United States at US$2.34 billion, and India at US$2.02 billion, with the contribution of the three reached 43.49 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$4.32 billion and US$1.59 billion, respectively.
According to the province of origin, the largest exports of Indonesia in January–October 2024 came from Jawa Barat with a value of US$31.52 billion (14.51 percent), followed by Jawa Timur at US$21.44 billion (9.87 percent) and Kalimantan Timur at US$20.86 billion (9.60 percent).

B. Imports

Imports of Indonesia in October 2024 were worth US$21.94 billion, increased by 16.54 percent compared with September 2024, and increased by 17.49 percent compared with October 2023.
Imports of oil and gas in October 2024 were worth US$3.67 billion, increased by 44.98 percent compared with September 2024, and increased by 14.32 percent compared with October 2023.
Imports of non-oil and gas in October 2024 were worth US$18.27 billion, increased by 12.13 percent compared with September 2024, and increased by 18.14 percent compared with October 2023.
The most significant increase in imports of non-oil and gas among the biggest ten commodities in October 2024 was electrical machinery and equipment and parts thereof which increased by US$590.1 million (29.20 percent). In contrast, machinery and mechanical appliances and part thereof was the only decreased commodity which fell by US$62.1 million (2.09 percent).
The largest trading partner countries of non-oil and gas imports in October 2024 were China US$6.43 billion (35.19 percent), Japan US$1.5 billion (8.22 percent), and Singapore US$1.09 billion (5.96 percent). Imports of non-oil and gas from ASEAN and EU countries were US$3.40 billion (18.61 percent) and US$1.07 billion (5.88 percent), respectively.
Compared with the same period last year, imports of intermediate goods in January–October 2024 experienced the highest rise with a US$7,210.2 million (5.40 percent) increase, followed by the increase of capital goods by US$1,514.2 million (4.69 percent) and consumption goods by US$888.9 million (5.08 percent).
Indonesia’s balance of trade in October 2024 experienced a surplus of US$2.48 billion, which mainly affected by a surplus of non-oil and gas of US$4.80 billion. On the other hand, there was a deficit of US$2.32 billion in oil and gas.

Related Official Statistics News

October 2024 Farmer Exchange Rate (NTP) of 101.86 increased by 0.42 percent when compared to September 2024

March 2024 Farmer Exchange Rate (NTP) was 97.95, up 0.53 percent compared to February 2024.

January 2025 Farmer Exchange Rate (NTP) was 101.60, up 0.63 percent compared to December 2024

November 2024 Farmer Exchange Rate (NTP) of 101.15 decreased by 0.69 percent when compared to October 2024

June 2024 Farmer Exchange Rate (NTP) was 99.30, up 0.54 percent compared to May 2024.

BPS-Statistics Indonesia

Lembata Regency

October 2024 exports reached US$24.41 billion, up 10.69 percent compared to September and October 2024 imports were valued at US$21.94 billion, up 16.54 percent compared to September 2024.