Indonesia is a country with abundant natural resources. It has become one of the leading countries in the world in terms of its exports and imports of various commodities. In this article, we will discuss the data on the country’s exports and imports of commodities, commonly known as “Data Komoditas Ekspor Impor Indonesia”.
Overview
The data on the country’s exports and imports of commodities are essential for the government and businesses to understand the economy’s performance. These data will enable them to identify which commodities have high demand in the global market and which commodities need more focus and attention to increase their export value.
The data on the country’s exports and imports of commodities are collected and managed by the Central Bureau of Statistics (BPS). The BPS releases the data on a monthly basis, which includes the volume, value, and destination of the country’s exports and imports of commodities.
Exports of Commodities
Indonesia is known for its vast natural resources, which includes palm oil, rubber, coal, and minerals such as copper, gold, and nickel. These commodities are the country’s primary exports, with palm oil being the most significant contributor to the country’s export value.
According to the BPS data, in 2020, Indonesia’s total exports of commodities reached USD 166.8 billion, which is a 6.65% decline compared to the previous year’s exports. Palm oil remains the top commodity exported by Indonesia, accounting for 11.5% of the total export value, followed by coal and copper, which accounted for 10.9% and 7.2%, respectively.
The primary destination of Indonesia’s exports is China, accounting for 15.8% of the total export value, followed by the United States and Japan, which accounted for 10.4% and 9.4%, respectively.
Imports of Commodities
Indonesia is also a significant importer of commodities, including machinery, petroleum, and chemicals. These commodities are essential for the country’s economic growth and development, as they are used in various sectors, such as manufacturing, transportation, and agriculture.
According to the BPS data, in 2020, Indonesia’s total imports of commodities reached USD 141.1 billion, which is a 17.05% decline compared to the previous year’s imports. The primary commodity imported by Indonesia is machinery, accounting for 21.8% of the total import value, followed by petroleum and chemicals, which accounted for 13.9% and 7.9%, respectively.
The primary source of Indonesia’s imports is China, accounting for 30.1% of the total import value, followed by Japan and Thailand, which accounted for 10.4% and 6.3%, respectively.
The Impact of COVID-19 on Indonesia’s Commodity Exports and Imports
The outbreak of COVID-19 has affected the global economy, including Indonesia’s economy. The pandemic has caused a decline in the demand for commodities in the global market, which has affected Indonesia’s exports of commodities. In addition, the pandemic has disrupted the global supply chain, which has affected Indonesia’s imports of commodities, especially machinery and other production-related equipment.
According to the BPS data, in 2020, Indonesia’s exports of commodities declined by 6.65% compared to the previous year, while its imports of commodities declined by 17.05% compared to the previous year. The decline in the country’s exports and imports of commodities is mainly due to the impact of the pandemic on the global economy.
Conclusion
Indonesia’s export and import data of commodities provide essential information for the government and businesses to understand the country’s economic performance. The data indicate that Indonesia’s primary exports are palm oil, coal, and copper, while its primary imports are machinery, petroleum, and chemicals. The COVID-19 pandemic has affected the country’s exports and imports of commodities, causing a decline in both.
Despite the challenges posed by the pandemic, Indonesia remains one of the leading countries in the world in terms of its exports and imports of commodities. The country’s vast natural resources and strategic location provide it with a unique advantage in the global market, which enables it to remain competitive and attractive to investors and traders.
