Sumatera Selatan Trade Balance November 2022 Surplus US$585.38 million

Release Date	:	January 2, 2023
File Size	:	1.05 MB

Abstract

Sumatera Selatan's export value in November 2022 reached US$635.35 million, a decrease of 5.70 percent compared to exports in October 2022. Compared to November 2021, the export value increased by 16.12 percent.
Non-oil and gas exports in 2022 reached US$593.81 million, down 6.33 percent compared to October 2022. Compared to November 2021, non-oil and gas exports increased by 8.53 percent. Cumulatively, the export value of Sumatera Selatan from January to November 2022 reached US$6,938.80 million, an increase of 44.77 percent compared to the same period in 2021.
The largest share of November 2022 exports was China with US$278 million, India with US$66.74 million, and Malaysia with US$57.68 million, with the contribution of the three of them reaching 63.34 percent. Meanwhile, exports to ASEAN and the European Union were 26.45 percent and 2.92 percent, respectively.
Cumulatively, Sumatera Selatan's largest export value from January to November 2022 is aimed at China, India and Malaysia, with a value of US$2,324.81 million, US$848.03 million and US$539.14 million respectively.
Sumatera Selatan's import value in November 2022 reached US$49.97 million, down 20.63 percent compared to October 2022, and down 54.62 percent compared to November 2021.
November 2022 oil and gas imports were valued at US$4.01 million, down 35.18 percent compared to October 2022, and down 68.51 percent compared to November 2021.
Non-oil and gas imports in November 2022 were valued at US$45.96 million, down 19.04 percent compared to October 2022, and down 52.80 percent compared to November 2021. The three largest import supplier countries for January-November 2022 were China US$405.27 million (47 .41 percent), Singapore US$82.82 million (9.69 percent), and Malaysia US$64.02 million (7.49 percent). The value of imports from ASEAN in January-November 2022 was US$265.99 million (31.11 percent) and the European Union US$29.08 million (3.40 percent).
Sumatera Selatan's trade balance in November 2022 experienced a surplus of US$585.38 million, originating from the non-oil and gas sector of US$547.84 million, and the oil and gas sector of US$37.54 million.

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