Coal, Iron And Steel CPO Is The Largest Andilya In April Exports

Coal (photo: dock. intermediate)

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's leading non-oil and gas export commodities such as coal, iron and steel, and Crude Palm Oil (CPO) and their derivatives contributed around 33.78 percent of total non-oil and gas exports in April 2024.

"The export value of these three commodities contributed about 33.78 percent of Indonesia's total non-oil and gas exports in April 2024. The export value of coal, iron and steel has increased on a monthly basis, while CPO and its derivatives have decreased," said Deputy for Distribution and Services of the Central Statistics Agency (BPS) Pudji Ismartini at a press conference, Wednesday, May 15.

Pudji said that the export value of CPO and its derivatives in April 2024 decreased by 10.49 percent on a monthly basis, but rose 0.91 percent on an annual basis.

Meanwhile, the export value of CPO and its derivatives reached 1.39 billion US dollars or contributed to non-oil and gas exports of 7.63 percent.

Then, the value of coal exports in April 2024 reached US$2.61 billion with the largest contribution to non-oil and gas exports of 14.27 percent.

In addition, the value of coal exports in April 2024 increased 1.84 percent when compared to the previous month, and decreased 19.26 percent compared to the same period last year. Furthermore, the export value of iron and steel reached 2.17 billion US dollars with a share of 11.88 percent of total non-oil and gas exports.

The export value of iron and steel increased 1.91 percent from the previous month, and increased 0.22 percent compared to the same period last year.

Overall, non-oil and gas exports in April 2024 reached 18.27 billion US dollars, down 14.06 percent compared to March 2024, while it rose 1.33 percent when compared to non-oil and gas exports in April 2023. Decreased non-oil and gas exports mainly occurred in precious metals and gems (HS 71), with a decrease of 2.12 percent.

Then the decline occurred in electric machinery and equipment and its parts (HS 85) with a decrease of 1.44 percent, as well as vehicles and parts (HS 87) with a decrease of 0.77 percent.

For information, the Central Statistics Agency (BPS) noted that Indonesia's trade balance in April 2024 experienced a surplus of US$3.56 billion, mainly from the non-oil and gas sector of US$5.17 billion, but was induced by a deficit in the oil and gas sector worth US$1.61 billion.