In 2024, Indonesia's import and export performance was positive, and the economy remained stable. On the export side, total exports for the year reached USD 264.7 billion, a year-on-year increase of 2.29%, with export volume growing by 5.37%. The non-oil and gas sector was the main driver of exports, with fuel minerals, animal/vegetable oils, and iron and steel being major export commodities. The products with the largest export growth included cocoa and its preparations, and iron and steel products. China, the United States, and Japan were the main export destinations. On the import side, total imports for the year reached USD 233.66 billion, a year-on-year increase of 11.07%. Machinery and electrical equipment were the main imported goods, with raw/auxiliary materials and capital goods dominating imports. The non-oil and gas commodities with the largest import growth included precious metals and jewelry, cocoa and its preparations, etc. China, Japan, and Australia were the main import sources. The increase in imports has raised concerns among entrepreneurs, who fear it may threaten domestic employment opportunities.
In 2024, Indonesia's import and export performance was positive, and the economy remained stable. On the export side, total exports for the year reached USD 264.7 billion, a year-on-year increase of 2.29%, with export volume growing by 5.37%. The non-oil and gas sector was the main driver of exports, with fuel minerals, animal/vegetable oils, and iron and steel being major export commodities. The products with the largest export growth included cocoa and its preparations, and iron and steel products. China, the United States, and Japan were the main export destinations. On the import side, total imports for the year reached USD 233.66 billion, a year-on-year increase of 11.07%. Machinery and electrical equipment were the main imported goods, with raw/auxiliary materials and capital goods dominating imports. The non-oil and gas commodities with the largest import growth included precious metals and jewelry, cocoa and its preparations, etc. China, Japan, and Australia were the main import sources. The increase in imports has raised concerns among entrepreneurs, who fear it may threaten domestic employment opportunities.