January Export Drops 8.34% at US$20.52 billion, BPS Reports
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15 February 2024 14:32 WIB
TEMPO.CO, Jakarta - Statistics Indonesia or BPS recorded the January export value of Indonesia at US$20.52 billion, which fell 8.34 percent compared to the previous month. The year-on-year calculation of the January export value showed a decline of 8.06 percent.
“Oil and gas export declined 5.49 percent at US$1.39 billion. Non-oil and gas sector fell 8.54 percent with an export value of US$19.13 billion,” said Acting Head of BPS Amalia Adininggar Widyasanti during a press conference at the BPS office today, Feb. 15.
According to her, the sharp decline in Indonesia’s export value in January was caused by a decrease in non-oil and gas exports, “especially in the mineral fuel sector which contributed to a 3.85 percent decline.”
Meanwhile, the decline in non-oil and gas sector exports also occurred in metal ore, slag, and ash by 2.21 percent. In addition, precious metals and jewelry contributed to a decline of 1.49 percent.
On the other hand, the decline in oil and gas exports was driven by a drop in oil exports with a contribution of 0.89 percent.
"On a year-on-year basis, the export value in January 2024 also decreased by 8.06 percent. This decrease was driven by non-oil and gas exports, especially mineral fuels, precious metals and jewelry or gems, machinery, as well as electrical equipment and its parts," said Amalia.
ANNISA FEBIOLA
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