Export Value Reaches 23.56 Billion US Dollars in August 2024

Illustration (Photo: Doc Antara)

JAKARTA - The Central Statistics Agency (BPS) recorded the export value in August 2024 at 23.56 billion US dollars or an increase of 5.97 percent compared to the previous month of 22.24 billion US dollars.

Deputy for Distribution and Services of BPS Pudji Ismartini said that the increase in export performance was driven by non-oil and gas (migas) exports.

The performance of non-oil and gas values ​​also increased to 22.36 billion US dollars or an increase of 7.43 percent compared to the previous month which reached 20.81 billion US dollars.

Meanwhile, the value of oil and gas exports in August 2024 was recorded at 1.20 billion US dollars or down 15.41 percent when compared to the previous month which reached 1.42 billion US dollars in July 2024.

"The increase in export value in August 2024 on a monthly basis was mainly driven by an increase in non-oil and gas exports, namely in animal or vegetable fat and oil commodities or HS 15 which rose 24.50 percent with a contribution of 2.12 percent, then metal ore, crust and ash or HS 26 which increased by 47.23 percent with a contribution to non-oil and gas exports of 1.50 percent," he explained in a press conference, Tuesday, September 17.

Then, Exports of electrical machinery and equipment and their parts (HS 85) rose 12.54 percent with a contribution to non-oil and gas exports of 0.73 percent.

Meanwhile, the decline in oil and gas exports was mainly driven by a decline in the value of gas exports with a contribution of 0.68 percent.

Meanwhile, the export value in August 2024 was recorded to have increased by 7.13 percent compared to the same period last year which reached 22 billion US dollars.

Pudji said the increase was driven by an increase in non-oil and gas exports, especially precious metals and gemstones with HS code 71, as well as mineral fuels or HS 27 and electrical machinery and equipment and their parts or HS 85.