BPS: Exports Up in May 2023

Statistics Indonesia (BPS), have reported that the value of Indonesia’s exports in May 2023 reached USD 21.72-billion, up 12.61-percent from USD 19.29 billion the previous month, according to reporting from Antara News.

Mohamad Edy Mahmud, the deputy for balance sheets and statistical analysis at BPS, said that the export value in May was 0.96-percent higher compared to USD 21.51 billion in May 2022.

“In the last three years, export growth one month after the holidays has always shown an increase. So this has happened repeatedly,” he said in a press release to Antara News.

According to Mahmud, non-oil and gas exports in May were recorded at USD 20.40-billion, up 13.18-percent compared to April 2023 and up 1.94-percent compared to May 2022.

Cumulatively, Indonesia’s exports in January to May 2023 reached USD 108.06-billion, down 6.01-percent compared to the same period in 2022, while non-oil and gas exports reached USD 101.48-billion, down 6.69-percent.

Compared to April 2023, the largest increase in non-oil and gas exports in May was contributed by automotive and parts with USD 373.2 million or 60.20- percent. Meanwhile, the largest decrease was recorded in mineral fuels of USD 175.8-million or 4.39-percent, say Antara News.

By sector, non-oil and gas exports of the processing industry fell 8.97-percent from January to May 2023 compared to the corresponding period in 2022 and exports of agricultural, forestry, and fishery products dropped by 3.95-percent, while exports of mining and other products rose 1.36-percent.

“Non-oil and gas exports account for around 93.90-percent of Indonesia’s total exports. The largest portion of this percentage is obtained from the processing industry, which is 70.54-percent,” said Mahmud.

Antara News say that the largest non-oil and gas exports in May 2023 were made to China (USD 4.78-billion), followed by the United States (USD 2.05-billion) and Japan (USD 1.77-billion), with the contribution of the three reaching 42.12-percent.

Indonesia’s exports to ASEAN and the European Union (27-countries) were recorded at USD 3.97-billion and USD 1.56-billion, respectively.

Based on provinces where the goods were produced, Indonesia’s biggest exports from January to May 2023 came from West Java with USD 14.80-billion or 13.70-percent followed by East Kalimantan (USD 12.83-billion or 11.87-percent) and East Java (USD 9.63 billion or 8.91-percent).

Source: Antara News

Image by Chuttersnap on Unsplash

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