Jakarta: Indonesia's import value stood at USD11.58 billion in June 2019, decreasing by 20.7 percent compared to May 2019.
"It increased by 2.8 percent compared to June 2018," Central Statistics Agency (BPS) head Suhariyanto told a press conference here on Monday.
Based on data from the agency, oil and gas imports stood at USD1.71 billion last month. The value fell by 21.5 percent compared to the previous month.
In the meantime, non-oil and gas imports stood at USD9.87 billion last month. The value was down by 20.55 percent compared to the previous month.
Cumulatively, the country's import value stood at USD 82.26 billion in the first semester of 2019. It dropped by 7.63 percent compared to the same period last year.
According to a report from Bank Indonesia (BI), a general softening of national economic growth has occurred during the second quarter of 2019 as a corollary of declining export performance.
The recent escalation of international trade tensions has undermined export performance in Indonesia due to restrained global demand and lower commodity prices despite relative improvements for a number of commodities, including chemicals, iron and steel, coal as well as vegetable oil.
Non-building investment has thus far failed to increase significantly as a consequence of flagging exports notwithstanding positive building investment growth. Meanwhile, consumption is expected to pick up on the back of maintained public purchasing power and consumer confidence. Limited domestic demand gains have fed through to lower imports. Moving forward, efforts to stimulate domestic demand shall be increased in order to mitigate the adverse impact of global economic moderation stemming from international trade tensions.