Sumatera Selatan Trade Balance July 2023 Surplus US$476.27 million

Release Date	:	September 1, 2023
File Size	:	3 MB

Abstract

Sumatera Selatan's export value in July 2023 reached US$544.87 million, down 0.65 percent compared to exports in June 2023. Compared to July 2022, the export value fell by 36.65 percent.
Non-oil and gas exports in July 2023 reached US$506.53 million, up 0.51 percent compared to June 2023. Compared to July 2022, non-oil and gas exports fell by 37.75 percent.
Cumulatively, the export value of Sumatera Selatan from January to July 2023 reached US$4,011.24 million, down 4.83 percent compared to the same period in 2022.
The largest export share in July 2023 was China with US$179.55 million, India with US$65.59 million and Malaysia with US$54.77 million.
Cumulatively, Sumatera Selatan's largest export value from January to July 2023 was directed to China in the amount of US$1,710.83 million, India in the amount of US$402.29 million, and Malaysia in the amount of US$297.93 million, with the contribution of the three of them reaching 60.11 percent. Meanwhile exports to ASEAN and the European Union were 22.24 percent and 3.10 percent respectively.
Sumatera Selatan's import value in July 2023 reached US$68.60 million, up 49.19 percent compared to June 2023, and down 8.11 percent compared to July 2022.
July 2023 oil and gas imports were worth US$1.88 million, up 94.85 percent compared to June 2023, and down 73.06 percent compared to July 2022.
Non-oil and gas imports in July 2023 were valued at US$66.72 million, up 48.21 percent compared to June 2023, and down 1.41 percent compared to July 2022.
The three largest suppliers of imported goods from January to July 2023 are China US$182.61 million (43.05 percent), Malaysia US$31.57 million (7.44 percent), and Vietnam US$29.23 million (6.89 percent). . The import value from ASEAN in January-July 2023 was US$119.96 million (28.28 percent) and the European Union was US$45.14 million (10.64 percent).
Sumatera Selatan's trade balance in July 2023 experienced a surplus of US$476.27 million, originating from the non-oil and gas sector of US$439.82 million, and the oil and gas sector of US$36.46 million.