BPS: Exports Increase 16.4 Percent To 22.43 Billion US Dollars In March

Photo export illustration: (doc. intermediate)

JAKARTA - The Central Statistics Agency (BPS) recorded the export value of Indonesia at 22.43 billion US dollars in March 2024. This value has increased monthly by 16.40 percent compared to February 2024.

Acting (Plt) Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti said the export value had decreased by 4.19 percent compared to the same period last year.

"The total export value has increased on a monthly basis, but has decreased on an annual basis. On a monthly basis, an increase has occurred in the oil and gas and non-oil and gas sectors," he said at a press conference, in Jakarta, Monday, April 22.

Amalia said oil and gas exports in March were recorded at 1.29 billion US dollars, an increase of 5.62 percent. Meanwhile, non-oil and gas exports rose 17.12 percent with a value of 21.15 billion US dollars.

Furthermore, Amalia said the increase in the value of March's exports on a monthly basis was driven by an increase in non-oil and gas exports, especially in precious metals, jewelry, and gems with a 4.85 percent share.

Then, non-oil and gas exports in March were also supported by steel with a share of 2.35 percent. Then, animal fat and oil or vegetable with a share of 1.71 percent.

Meanwhile, on an annual basis, continued Amalia, all sectors increased, except for the mining sector and others which fell by 19.72 percent. Then, agricultural commodity exports rose 14.07 percent.

"The export performance of several of Indonesia's leading commodities is coal, iron, and steel and CPO and its derivatives. The export value of these three commodities will estimate to share 29.54 percent of Indonesia's total non-oil and gas exports in March 2024," he explained.