Revealed, This Is What Makes Indonesian Exports To China Crash Down 310 Million US Dollars

Illustration. (Photo: Unsplash)

JAKARTA - The government through the Central Statistics Agency (BPS) released information that there was a decline in the export value of a number of Indonesia's leading commodities to potential markets in China.

In a presentation made today, Head of BPS Margo Yuwono said exports of non-oil and gas commodities to China experienced the deepest decline in December 2021. It was noted that non-oil and gas exports fell to minus 310 million US dollars when compared to November 2021.

"Exports to China declined due to reduced exports of mineral fuels (coal), vegetable oils and fats," Margo said via the virtual channel, Monday, January 17.

Meanwhile, the second deepest decline after China was occupied by Malaysia with minus 224.1 million US dollars. Followed by Switzerland with minus 162.2 million US dollars, Spain minus 110.5 million US dollars, and the Philippines with minus 104.2 billion US dollars.

Just so you know, the decline in mineral fuel exports was also the largest in the non-oil and gas sector in December 2021 with minus 880.4 million US dollars compared to November 2021.

Furthermore, despite experiencing a very deep decline in exports to China, the East Asian country still ranks at the top for the export market share of Indonesian non-oil and gas products with a contribution of 23.97 percent or equivalent to US$5.10 billion.

The second rank is occupied by the United States with 2.64 billion US dollars (12.41 percent), Japan 1.7 billion US dollars (7.96 percent), India with 1.19 billion US dollars (5.58 percent), and several other countries. other countries.

In general, Indonesia's total exports throughout 2021 are said to reach 231.54 billion US dollars. The book shot above the import record of 196.19 billion US dollars.

As a result, Indonesia has succeeded in having a trade balance surplus of 35.34 billion US dollars last year.