BPS Calls Indonesia's Exports Reached 21 Billion US Dollars, The Highest In 10 Years

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The Central Statistics Agency (BPS) reported that the value of Indonesia's exports in August 2021 reached USD 21.42 billion, an increase of 20.95 percent compared to exports in the July 2021 period.

Head of BPS Margo Yuwono said that on an annual basis when compared to August 2020, Indonesia's exports last month increased by 64.10 percent.

"Our export record last August was the highest since August 2011 which amounted to USD 18.60 billion", he said in a virtual press conference, Wednesday, September 15.

According to Margo, the positive note was caused by a number of influencing factors.

“If we look at the volume and price, both have increased. So our good export record is influenced by rising prices and also increasing volumes," he said.

In detail, Margo explained that non-oil and gas exports in August 2021 reached 20.36 billion US dollars, up 21.75 percent compared to July 2021, and up 63.43 percent compared to non-oil and gas exports in August 2020.

"Cumulatively, the value of Indonesia's exports from January to August 2021 reached USD 142.01 billion, an increase of 37.77 percent over the same period in 2020, as well as non-oil and gas exports which reached USD 134.13 billion, up 37.03 percent", he said.

Then, the largest increase in non-oil and gas exports in August 2021 compared to July 2021 occurred in animal/vegetable fats and oils of USD 1.54 billion (61.60 percent), while the largest decrease occurred in fertilizers of USD 52.8 million (38.48 percent).

Then by sector, non-oil and gas exports from the processing industry from January to August 2021 rose 34.12 percent compared to the same period in 2020.

Likewise, exports of agricultural, forestry, and fishery products rose 7.52 percent, and exports of mining and other products rose 61.53 percent.

Meanwhile, the largest non-oil and gas export in August 2021 was to China, which was USD 4.78 billion, followed by the United States USD 2.25 billion and India USD 1.72 billion, with the contribution of the three reaching 42.98 percent.

Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to USD 3.37 billion and USD 1.63 billion, respectively.

"According to the province of origin, Indonesia's largest exports in January-August 2021 came from West Java with a value of USD 21.56 billion (15.18 percent), followed by East Java USD 14.87 billion (10.47 percent) and Kalimantan East USD 13.33 billion (9.39 percent)", concluded Margo.