November Export Grows, Statistics Indonesia Reports

TEMPO.CO, Jakarta - Statistics Indonesia (BPS) announced on Wednesday, December 15, 2021, that Indonesia's export value significantly grew in November this year, which amounted to USD 22.84 billion.

"Compared to the same period last year, November export this year increased by 49.7 percent," said BPS Head Margo Yuwono in a press conference on Wednesday, December 15, 2021. 

The exports consist of oil and gas (migas) products which increased by 74.9 percent from USD 0.76 to USD 1.33 billion. Meanwhile, non-oil and gas exports also grew by 48.38 percent from USD14.5 billion to USD 21.51 billion. 

Compared to the previous month of October 2021, the number increased by 3.69 percent, which comes from migas exports growth of 29.95 percent from USD 1.03 billion to USD 1.33 billion. Non-migas exports grew by 2.4 percent from USD 21 billion to USD 21.51 billion. 

According to Margo, the non-migas exports contributed 94.17 percent of Novembers total exports, mainly from the processing industry.

The mining sector contributed USD 4.82 billion or 21.11 percent, and agriculture, forestry and fisheries sector contributed USD 0.43 billion or 1.87 percent, while oil and gas contributed USD 1.33 billion or 5.83 percent.

The largest export increase in non-oil and gas exports was contributed by mineral fuel commodities, which increased by USD 211.3 million compared to the previous month. Meanwhile, the largest decline was recorded in exports of animal or vegetable fats and oils, which fell by USD 811.4 million.

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