Indonesia is known for its abundant natural resources, which makes it a top exporter of various commodities such as palm oil, coal, and natural gas. The country’s strategic location also makes it an important player in the global trade market. In 2020, Indonesia’s export and import activities were impacted by the pandemic, causing a decline in trade figures. This article will provide an overview of Indonesia’s export and import data in 2020.
Overview of Indonesia’s Trade Figures in 2020
In 2020, Indonesia’s total export value amounted to USD 163.3 billion, a 6.65% decrease compared to the previous year. Meanwhile, the country’s total import value was USD 139.1 billion, a 18.61% decrease compared to 2019. The decrease in trade figures can be attributed to the impact of the COVID-19 pandemic, which caused disruptions in the global supply chain and demand.
Indonesia’s Top Export Commodities in 2020
Palm oil continued to be Indonesia’s top export commodity in 2020, with a total export value of USD 18.1 billion. Coal followed closely behind with a total export value of USD 13.1 billion. Other top export commodities include natural gas, refined copper, and crude petroleum.
Indonesia’s Top Export Destinations in 2020
China remained Indonesia’s top export destination in 2020, with a total export value of USD 35.8 billion. The United States and Japan followed in second and third place, with export values of USD 16.9 billion and USD 13.7 billion, respectively.
Indonesia’s Top Import Commodities in 2020
Machinery and mechanical appliances were Indonesia’s top import commodity in 2020, with a total import value of USD 24.1 billion. This was followed by refined petroleum and petroleum gas, with a total import value of USD 15.1 billion. Other top import commodities include electrical machinery and equipment, and iron and steel.
Indonesia’s Top Import Origins in 2020
China was Indonesia’s top import origin in 2020, with a total import value of USD 38.4 billion. Japan and Thailand followed in second and third place, with import values of USD 12.9 billion and USD 7.9 billion, respectively.
Impact of the COVID-19 Pandemic on Indonesia’s Trade Figures
The COVID-19 pandemic had a significant impact on Indonesia’s trade figures in 2020. The country’s export and import activities were disrupted due to the restrictions on movement and global supply chain disruptions. The decline in trade figures was also due to the decrease in global demand, as many countries were also affected by the pandemic.
Government Efforts to Boost Indonesia’s Export and Import Activities
The Indonesian government has implemented various measures to boost the country’s export and import activities. These measures include expanding market access, improving logistics and infrastructure, and providing incentives for exporters. The government has also signed various trade agreements with other countries to increase market access.
Conclusion
In conclusion, Indonesia’s export and import activities were impacted by the COVID-19 pandemic in 2020, causing a decline in trade figures. However, the Indonesian government has implemented various measures to boost the country’s export and import activities. It is hoped that these efforts will help Indonesia to bounce back and increase its trade figures in the future.
