Indonesia is a country with a diverse range of natural resources that can be exported to other countries. In the year 2014, Indonesia’s export and import data showed a promising trend. The country’s export value in 2014 was USD $176.7 billion, while its import value was USD $178.4 billion. This article will explore the details of Indonesia’s export and import statistics for the year 2014.
Indonesia’s Export Data in 2014
The year 2014 saw Indonesia’s export value increase by 4.7% compared to the previous year. This value was mainly attributed to the country’s mining and oil sectors, which accounted for 23.6% and 14.9% of the total export value, respectively. Other major sectors contributing to the country’s export value were agriculture, forestry, and fisheries, which accounted for 15.7%, and manufacturing, which accounted for 13.1%.
Indonesia’s main export destinations in 2014 were China, Japan, and the United States. These three countries accounted for 32.3%, 11.1%, and 9.6% of Indonesia’s total export value, respectively. Other major export destinations included Singapore, India, and South Korea.
In 2014, Indonesia’s main export commodities were mineral fuels, oils, and distillation products, which accounted for 24.5% of the total export value. Other major export commodities included palm oil and its derivatives, natural rubber, ores, slag, and ash, and electrical machinery and equipment. These commodities accounted for 11.2%, 7.6%, 6.9%, and 6.5% of Indonesia’s total export value, respectively.
Indonesia’s Import Data in 2014
In 2014, Indonesia’s import value decreased by 4.5% compared to the previous year. This value was mainly attributed to the country’s import of capital goods, which decreased by 14.6%. Other major sectors contributing to the country’s import value were raw materials and consumer goods, which accounted for 27.1% and 17.7% of the total import value, respectively.
Indonesia’s main import sources in 2014 were China, Singapore, and Japan. These three countries accounted for 25.8%, 13.9%, and 11.3% of Indonesia’s total import value, respectively. Other major import sources included Thailand, South Korea, and the United States.
In 2014, Indonesia’s main import commodities were mineral fuels, oils, and distillation products, which accounted for 22.4% of the total import value. Other major import commodities included mechanical and electrical machinery and equipment, iron and steel, and plastics and articles thereof. These commodities accounted for 15.1%, 7.3%, and 6.4% of Indonesia’s total import value, respectively.
Indonesia’s Trade Balance in 2014
In 2014, Indonesia’s trade balance showed a deficit of USD $1.7 billion. This was due to the country’s import value being slightly higher than its export value. However, the deficit was smaller compared to the previous year, which saw a deficit of USD $4.1 billion.
Indonesia’s trade balance deficit was mainly attributed to the country’s import of capital goods and consumer goods. However, the deficit was offset by the country’s strong export performance in the mining and oil sectors, as well as in agriculture, forestry, and fisheries.
Conclusion
In conclusion, Indonesia’s export and import data in 2014 showed a promising trend. The country’s export value increased, while its import value decreased. The mining and oil sectors, as well as agriculture, forestry, and fisheries, were the main contributors to the country’s export value. On the other hand, capital goods, raw materials, and consumer goods were the main contributors to the country’s import value.
Although Indonesia’s trade balance showed a deficit in 2014, the deficit was smaller compared to the previous year. This suggests that Indonesia’s economy was improving, and the country’s export and import performance was becoming more balanced. It is hoped that Indonesia’s export and import data will continue to improve in the years to come, as the country builds stronger trade relations with its partners.
