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Imports to Indonesia climbed by 39.86 percent year-on-year to USD 21.35 billion in July of 2022, topping market expectations of 37.3 percent and after a 21.98 percent rise in the previous month. The latest print represented the 17th straight month of double-digit growth in arrivals and the fastest pace since last December, as domestic demand strengthened further as the economy fully recovered from the COVID-19 hit. Arrivals of non-oil and gas gained 25.41 percent to USD 16.89 billion; and those of oil and gas imports soared 148.38 percent to USD 4.46 billion, mainly led by crude oil (514.42 percent), and oil products (117.00 percent. For the January to July period, imports jumped 29.38 percent to USD 137.53 billion, with purchases of oil and gas climbing 79.68 percent and those of non-oil and gas growing 22.17 percent.

Imports to Indonesia increased by 21.98 percent year-on-year to USD 21.0 billion in June of 2022, compared with market expectations of 20.1 percent and after a 30.74 percent jump in the previous month. The latest print represented the 16th straight month of double-digit growth in arrivals, as domestic demand stayed robust following further easing of COVID-19 curbs. Arrivals of non-oil and gas gained 16.15 percent to USD 17.33 billion; and those of oil and gas imports soared 59.84 percent to USD 3.67 billion, led by oil products (107.02 percent, crude oil (3.78 percent), and gas (71.53 percent). For the January to June period, imports jumped 27.62 percent to USD 116.18 billion, with purchases of oil and gas climbing 68.98 percent and those of non-oil and gas growing 21.62 percent.

Imports to Indonesia jumped by 30.74 percent year-on-year to USD 18.61 billion in May of 2022, quickening from a 21.97 percent growth a month earlier which was the softest gain since February 2021 and compared with market forecasts of 32.8 percent. The latest print represented the 15th straight month of double-digit growth in arrivals, as domestic demand strengthened during the Eid-ul Fitr celebration and following the resumption of normal economic activity in the wake of COVID-10 disruptions. Arrivals of non-oil and gas gained 25.33 percent to USD 15.26 billion; and those of oil and gas imports soared 62.64 percent to USD 3.35 billion, led by oil products (67.52 percent, crude oil (43.87 percent), and gas (72.09 percent). For the January to May period, imports jumped 28.93 percent to USD 95.18 billion, with purchases of oil and gas climbing 71.26 percent and those of non-oil and gas growing 22.89 percent.