Indonesia Exports YoY

Exports from Indonesia shrank 10.43 p.c from a 12 months earlier to USD 22.15 billion in October 2023, higher than market forecasts of a 15.35 p.c drop. It was the fifth straight month of decline in exports however the softest discount within the sequence amid moderating commodity costs. supply: Statistics Indonesia

Exports YoY in Indonesia elevated to -10.43 p.c in October from -16.17 p.c in September of 2023. Exports YoY in Indonesia averaged 13.89 p.c from 1961 till 2023, reaching an all time excessive of 518 p.c in February of 1974 and a file low of -52.10 p.c in September of 1964. This web page features a chart with historic information for Indonesia Exports YoY. Indonesia Exports YoY – information, historic chart, forecasts and calendar of releases – was final up to date on November of 2023.

Exports have been an engine of financial progress in Indonesia. Nonetheless, after reaching a peak in 2012, it have been in a gradual decline attributable to decrease commodity costs and dwindling international demand. Main exports are: oil and fuel (12.Four p.c of the full exports, of these fuel 6.9 p.c, crude oil 4.Three p.c and oil merchandise 1.2 p.c); animal and vegetable fat and oils (14 p.c); and electrical gear and equipment (10.45 p.c). Different exports embody: footwear, a part of such articles (3.Four p.c); clothes not knitted (Three p.c) and ores, slag and ash (2.5 p.c). Main export companions are: the US (11.6 p.c), China (10 p.c of the full exports), Japan (9.9 p.c), India (8.Eight p.c) and Singapore (7 p.c).