Supreme This Year, March Exports Reach 23.5 Billion US Dollars

Illustration (Photo: Doc. Antara)

JAKARTA The Central Statistics Agency (BPS) reported that Indonesia posted exports of US$23.5 billion in March 2023.

Deputy for Methodology and Statistics Information at BPS Imam Machdi said the book was 9.8 percent higher than February 2023 which amounted to 21.3 billion US dollars.

"In the last three months, Indonesia's exports month to month (mtm) were the highest in the March 2023 period," he told the media crew, Monday, March 17.

According to Imam, all sectors experienced positive growth with mining commodities and others recorded a highest lift of 18.4 percent.

"The largest increase in exports is in mineral fuels, precious metals and gems/rices, metal ore, iron and steel, as well as mechanical machinery and equipment," he said.

Imam added that the largest decline in exports was in vehicles, chemicals, nickel, and machinery and equipment.

"Although our exports are growing, it should be noted that exports in March 2023 grow lower than March 2021 and March 2022," he said.

Meanwhile, Indonesia's main export destination is still dominated by China with a value of 5.6 billion US dollars or the equivalent of 25 percent of the overall share.

Followed by exports to the United States 1.9 billion US dollars or 8 percent, to Japan 1.7 billion US dollars or 8 percent, India 1.7 billion US dollars or 8 percent, and Malaysia 930 million US dollars or the equivalent of 4 percent.

"While Indonesia's exports experienced the deepest decline last month were to Egypt, Bangladesh, Libia, the Netherlands, and Kenya," he said.

In general, March 2023 exports amounting to US$23.5 billion consist of non-oil and gas commodities of US$22.2 billion and oil and gas commodities of US$1.3 billion.