China was the main destination for Indonesia's imports and exports last year

Indonesia's exports and imports performed positively in 2024 and the economy remained stable. On the export side, the total export value for the year amounted to USD 264.7 billion, an increase of 2.29%, and the export volume increased by 5.37%.The non-oil and gas sector is the mainstay of exports, with fuel minerals, animal/vegetable oils, iron and steel being the main export commodities. The commodities with the highest growth in exports include cocoa and its products, iron and steel products, etc.China, the United States and Japan are the main export destinations.On the import side, imports for the year amounted to US$ 233.66 billion, an increase of 11.071 TP3 T. Machinery and electrical equipment were the main imported commodities, while raw/ancillary materials and capital goods dominated imports. Non-oil and gas commodities with the largest import growth were precious metals and jewelry, cocoa and its products. China, Japan and Australia were the main sources of imports. The increase in imports has worried entrepreneurs who fear a threat to domestic employment opportunities.