BPS Records CPO Export Performance And Its Derivatives Rise In October 2024

Illustration (Photo: Doc Antara)

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).

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti said that the increase in export value 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).

Amalia said that based on superior commodities, exports of non-oil crude palm oil (CPO) and its derivatives experienced a monthly and annual increase.

"Meanwhile, coal and steel exports have decreased," he said at a press conference, Friday, November 15.

Amalia explained that the export value of CPO and its derivatives reached 2.37 billion US dollars, an increase of 70.90 percent (mtm) when compared to the previous month, and an annual increase of 25.35 percent year on year (yoy).

The export value contributed 10.25 percent to the total non-oil and gas exports in October 2024.

Furthermore, coal exports reached 2.52 billion US dollars, or a decrease of 0.73 percent on a mtm basis, and a decrease of 7.93 percent yoy.

The export contributed 10.92 percent to total non-oil and gas exports.

Then the export value of iron and steel reached 2.24 billion US dollars in October 2024, or an increase of 1.89 percent on a mtm basis, but fell 0.38 percent yoy.

The export contributed 9.73 percent to the total non-oil and gas exports.

In addition, 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.