CPO Exports In June 2024 Soared, Coal And Steel Drop

Illustration (Photo: Doc Antara)

JAKARTA - The Central Statistics Agency (BPS) noted that in June 2024 the performance of non-oil exports from leading commodities such as coal, iron and steel was recorded to have decreased, while crude palm oil (CPO) increased.

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti conveyed the value of coal exports of US$2.49 billion in June 2024.

This export decreased by 0.36 percent on a monthly basis or month to month (mtm), and decreased by 6.68 percent on an annual basis or year on year (yoy).

The share of coal to exports in June 2024 was recorded at 12.71 percent.

Meanwhile, the export value of iron and steel was 2.10 billion US dollars, or a decrease on a monthly basis of 4.32 percent, and a decrease on an annual basis of 3.48 percent.

The iron and steel sharing to exports in June 2024 amounted to 10.71

Meanwhile, the value of CPO exports increased significantly to reach 2.18 billion US dollars and contributed 11.1 percent of total exports in June 2024.

This value increased monthly by 100.70 percent, but decreased on an annual basis by 5.29 percent.

"These three commodities contributed around 34.52 percent of Indonesia's total non-oil and gas exports in June 2024," Amalia said at a press conference, Monday, July 15.

Meanwhile, based on its volume, coal exports reached 32.66 million tons in June 2024, or a decrease of 6.68 percent compared to the same period last year of 28.6 million tons.

Furthermore, the export volume of iron and steel reached 1.66 million tons, down 3.48 percent compared to the same period last year of 1.46 million tons.

Then, the volume of CPO exports and its derivatives reached 2.67 million tons, down 5.92 percent when compared to the same period last year which reached 2.77 million tons.