Why Did December 2020 Imports Soar By 14 Percent?

Suara.com – The Central Statistics Agency released that Indonesia’s import figures in December 2020 rose 14 percent to 14.4 billion US dollars on a monthly basis. However, on an annual basis, the figure edged down 0.47 percent.

Head of BPS Kecuk Suhariyanto explained that the skyrocketing import activity that month was due to the performance of oil and gas and non-oil and gas imports.

“Due to an increase in imports for oil and gas and non-oil and gas, oil and gas rose 36.57 percent while non-oil and gas increased 11.89 percent,” said Kecuk in a virtual press conference, Friday (15/1/2021).

In fact, the pattern of import activities usually decreases in December due to the many holidays such as Christmas and New Years.

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“It can be seen that our imports increased from November and decreased slightly from December 2019. Of the total US $ 14.44 billion (in December 2020), our imports rose 14 percent on a monthly basis,” he said.

From the import structure, consumption import activities increased the most sharply, reaching 31.89 percent, consisting of a number of imported goods from China such as garlic, mandarin oranges, apples and air-conditioning machines.

Not only that, imported commodities such as boneless or boneless meat foods originating from India also increased significantly.

“That is what causes consumption to rise,” said Kecuk.

Not only consumption imports, the monthly capital goods import category also rose 3.89 percent. The increase occurred among others in imports of machine tools from Italy and South Korea.

Also Read: October 2019, Trade Balance Surplus 161 Million US Dollars

Meanwhile, precious metals such as jewelry, optical devices, serelia, such as wheat, aluminum, and seeds and fruits that contain oil have decreased in imports.

Source: Suara.com – Kumpulan Berita Bisnis Hari Ini Yang Terbaru by www.suara.com.

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