Export Value Increases 6.55 Percent In July 2024

Illustration (Photo: Doc Antara)

JAKARTA - The Central Statistics Agency (BPS) recorded an export value of July 2024 of US$22.21 billion, an increase of 6.55 percent compared to the previous month's US$20.84 billion.

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti said the increase in export performance was driven by exports of petroleum oil (oil and gas) and non-oil and gas.

Meanwhile, the performance of the value of oil and gas exports in July 2024 was recorded at 1.42 billion US dollars, an increase of 15.57 percent compared to the previous month which reached 1.23 billion US dollars in June 2024.

In addition, the non-oil and gas value also rose to 20.79 billion US dollars, an increase of 5.98 percent compared to the previous month which reached 19.61 billion US dollars.

"The increase in export value in July 2024 on a monthly basis was mainly driven by an increase in non-oil and gas exports, namely the metal ore, crust and ash commodities included in the HS 26 group which increased by 3973.44 percent with a contribution to non-oil and gas exports of 33.32 percent," he explained at a press conference, Thursday, August 15.

Then, exports of precious metals and gem jewelry with code HS 71 rose 51.11 percent with a share of 1.28 percent of exports.

Electric engine and equipment exports and their parts (HS 85) rose 14.89 percent with a contribution to non-oil and gas exports of 0.81 percent.

The increase in oil and gas exports was mainly driven by an increase in the export value of kerosene with a share of 0.82 percent.

The export value in July 2024 was recorded to have increased by 6.46 percent compared to the same period last year which reached 20.86 billion US dollars.

Amalia said this increase was driven by an increase in non-oil and gas exports, especially in precious metals and gem jewelry with code HS 71, as well as metal ore, crust and ash with code HS 26. And Kakao and its processing with code HS 18.