The COVID-19 pandemic devastated the
world economy, and Jakarta has been no
exception. Despite the global recession
threat, some economic indicators of Jakarta
recovered and strongly grew compared to
the peak of the COVID-19 pandemic. One
indicator was Jakarta’s import values of
Jakarta which were comfortably above
the pre-pandemic level, rebounding 17,57
percent since January 2020.
In January 2023, imports of Jakarta stood
at US$ 6,309.71 million. Following the
situational trend at the beginning of the
year for the past two years, imports of
Jakarta contracted 3.11 percent compared
to the previous month. In this period, nonoil and gas imports were recorded at US$
6,164.73 million against US$ 6,512.02
million in December 2022. The contraction
of month-to-month imports in this period
was mainly triggered by the decline of
consumer goods and capital goods by 13.21
and 9.03 percent, respectively. Amid the
imports decline, intermediate goods showed
a positive growth by 1.51 percent compared
to the previous month.
The latest figures show the imports of Jakarta
plummeted by 6.29 percent compared to the
same period in the previous year (year-onyear). The oil and gas imports grew by 8,35
percent, while the non-oil and gas imports
contracted by 6,59 percent. Since the non-oil
and gas sector dominates Jakarta’s imports
(97.70 percent of Jakarta’s total imports),
the rise in this sector will significantly affect
the total value of Jakarta’s imports.
