BPS Records Export Value Reaching 22.08 Billion US Dollars in September 2024

Export value (Between)

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's export value in September 2024 reached 22.08 billion US dollars or decreased by 5.80 percent compared to the previous month which reached 23.44 billion US dollars.

Acting Head of BPS, Amalia Adininggar Widyasanti said that the value of oil and gas (migas) exports reached 1.17 billion US dollars, or decreased by 2.81 percent compared to the previous month. Furthermore, non-oil and gas exports reached 20.91 billion US dollars or decreased by 5.96 percent compared to the previous month.

"The decline in export value on a monthly basis was mainly driven by a decline in non-oil and gas exports, especially in vegetable and animal fat commodities (HS 15), metal ore slag and ash (HS 26), electrical equipment machinery and parts (HS 85)," said Amalia in a press conference, Tuesday, October 15.

Amalia said the decline in oil and gas exports was mainly driven by a decline in the value of gas exports with a contribution of 27 percent.

However, the annual export value in September 2024 was recorded to have increased by 6.44 percent compared to the same period last year which reached 20.74 billion US dollars.

Amalia said this increase was driven by an increase in non-oil and gas exports, especially in mineral fuels (HS 27), precious metals and jewelry/gems (HS 71), and cocoa and its processed products (HS 18).