The Statistics Indonesia (BPS) stated that Indonesia experienced a trade balance surplus of US$ 930 million in January 2022. Thus, Indonesia recorded a surplus for 21 consecutive months. Even though the surplus is actually a smaller number compared to December 2021, which was still US$ 1.02 billion. "In January 2022, we still have a surplus of US$ 930 million," said Deputy for Distribution and Service Statistics (Disjas) BPS Setianto in a press conference, Tuesday (15/1). The surplus came from the difference in the value of exports which reached US$ 19.16 billion, up 35.31%, and imports worth US$ 18.23 billion, or up 36.77% in January. Based on its commodities, Indonesia's exports in January 2022 were supported by the processing industry with a value of US$ 15.71 billion, up 31.16% compared to the previous year. However, compared to the previous month, exports fell 7.91%.
Then, the mining and other sectors amounted to US$ 2.17 billion or rose 3.87% on an annual basis, down 42.88% compared to the previous month. Meanwhile, oil and gas exports amounted to US$ 900 million in January, up 1.96% compared to the previous year. When compared to December 2021, exports fell 17.59%. There is also the agriculture, forestry, and fishery sector whose export value reached US$ 380 million, an increase of 11.54% compared to last year or a decrease of 5.79% compared to December 2021. Structurally, non-oil and gas accounted for 95.3% of total exports in January 2022.
For imports, BPS noted that the majority was dominated by industrial raw and auxiliary materials, which amounted to 75.97% in the same period. In detail, for raw or auxiliary materials, the import value was US$ 13.85 billion, up 39.57% compared to the previous year or down 11.35% compared to December 2021. Meanwhile, capital goods amounted to US$ 2.8 billion, up 41.94% on an annual basis or down 13.45% monthly. Then, for consumer goods worth US$ 1.58 billion, an increase of 10.25% compared to January 2021 or a decrease of 36.6% compared to December 2021.
