The Export Value Of The Republic Of Indonesia Capai 24.41 Billion US Dollars In October 2024

Exports (between)

JAKARTA - The Central Statistics Agency (BPS) recorded export performance in October 2024 of US$24.41 billion, an increase of 10.69 percent compared to the previous month or month to month (mtm).

Plt. Head of BPS, Amalia Adininggar Widyasanti said, the increase in exports in October 2024 was driven by the performance of non-oil and gas exports (oil and gas) which reached 23.07 billion US dollars, an increase of 10.35 percent (mtm). Meanwhile, the value of oil and gas exports reached 1.35 billion US dollars, or an increase of 16.88 percent (mtm).

"The monthly increase in exports in October 2024 was mainly driven by an increase in the value of non-oil and gas exports, especially in vegetable fat and oil commodities (HS 15), up 52.67 percent," Amalia said at a press conference, Friday, November 15.

Amalia said that non-oil and gas exports were also driven by mineral fuel exports (HS 27) up 5.05 percent, and footwear exports (HS 64) rose 25.87 percent. Meanwhile, the value of oil and gas exports was supported by the export value of gas whose share was 0.68 percent.

Furthermore, Amalia said that on an annual basis the export value had increased by 10.25 percent year on year (yoy) when compared to the same period in the previous year.

"This is due to an increase in non-oil and gas exports, especially in weak HS 15 commodities and vegetable animal oils, HS 85, namely electric equipment and parts, and HS 18 namely cocoa and processed products," he explained.