The national automotive industry managed to print a trade balance surplus of USD 661.2 million during the January-July 2022 period. This was related to the export value which jumped by 18% compared to last year. Based on data from the Central Statistics Agency (BPS) related to exports of HS 87 Motor Vehicles and their Parts, this includes export products of two wheels, four wheels or more wholly or unraveled, along with their components. In total, the export value reached USD 5.88 billion. Realization of exports grew 18% compared to the same period last year of USD 4.96 billion. Unfortunately, at the same time the growth in the value of imports jumped sharply.
Indonesia's automotive exports were boosted by shipments of four-wheeled products with engine capacities of 1,000-1,500cc in intact form (completely built up/CBU). These products contributed to the export value of USD 1.09 billion for seven months of the current year. In the second position, the largest export contributor was the export of four wheels with an engine capacity of 1,500-1,800 cc CBU. The total export value of these products reached USD 714.3 million. The third largest export was supported by four-wheeled products with engine cylinders above 2,500 cc, which made exports of USD 547.22 million during January-July 2022. On the other hand, the export value of two wheels with engine capacities between 50-150cc as a whole was recorded at USD 382.3 million. Overall, these export products still rely on conventional technology (internal combustion engine/ICE). Meanwhile, the main destination countries still revolve around the ASEAN region, especially the Philippines, Vietnam, and Malaysia.
