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Sumatera Selatan Trade Balance January 2023 Surplus US$529.08 million

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Release Date	:	March 1, 2023
File Size	:	1.58 MB

Abstract

Sumatera Selatan's export value in January 2023 reached US$579.05 million, down 9.88 percent compared to December 2022 exports. Compared to January 2022, the export value increased by 63.06 percent.

Non-oil and gas exports in January 2023 reached US$550.26 million, down 8.42 percent compared to December 2022. Compared to January 2022, non-oil and gas exports increased by 59.41 percent.

The largest share of January 2023 exports was China with US$239.36 million, India with US$45.78 million, and the Philippines with US$45.26 million, with the contribution of the three of them reaching 57.06 percent. Meanwhile, exports to ASEAN and the European Union were 21.46 percent and 3.06 percent, respectively.

Sumatera Selatan's import value in January 2023 reached US$49.97 million, down 14.66 percent compared to December 2022, and down 40.56 percent compared to January 2022.

January 2023 oil and gas imports were valued at US$3.99 million, up 7.62 percent compared to December 2022, and down 75.12 percent compared to January 2022.

Non-oil and gas imports in January 2023 were valued at US$45.98 million, down 16.17 percent compared to December 2022, and down 32.41 percent compared to January 2022.

The three largest suppliers of imported goods in January 2023 were China US$14.41 million (28.85 percent), Ivory Coast US$10.19 million (20.40 percent), and Vietnam US$6.99 million (13.98 percent). The value of imports from ASEAN in January 2023 was US$16.83 million (33.67 percent) and the European Union US$7.04 million (14.08 percent).

Sumatera Selatan's trade balance in January 2023 experienced a surplus of US$ 529.08 million, originating from the non-oil and gas sector of US$ 504.28 million, and the oil and gas sector of US$ 24.81 million.

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