Sumatera Selatan Trade Balance October 2023 Surplus US$382.43 million.

EXPORTS

• The value of Sumatera Selatan’s exports in October 2023 reached US$527.57 million, increased 14.19 percent compared to exports in September 2023 and decreased 21.65 percent compared to October 2022.
• Non-oil and gas exports in October 2023 reached US$483.12 million, increased 15.23 percent compared to non-oil and gas exports in September 2023. Meanwhile, it decreased 23,79 percent compared to October 2022.
• Sumatera Selatan’s exports cumulatively during January - October 2023 reached US$5,506.42 million, decreased 12.67 percent over the same period in 2022.
• The main country destinations of exports in October 2023 were China at US$195.02 million, India at US$80.19 million, and South Korea at US$ 34.74 million.
• Sumatera Selatan’s exports cumulatively during January– October 2023 reached US$2.227 billion for China, US$591.74 million for India and US$412.49 million for Malaysia. These three countries reached 58.70 percent of total export. Meanwhile, the export to ASEAN countries and European Union are 22.81 percent and 3.05 percent.

 

IMPORTS

• Imports of Sumatera Selatan in October 2023 were worth US$145.14 million, increased by 137.17 percent compared to September 2023, and grew by 152.37 percent compared to October 2022.
• Imports of oil and gas in October 2023 were US$1.87 million, decreased by 63.36 percent compared to September 2023, and fell by 69.79 percent compared to October 2022.
• Imports of non-oil and gas in October 2023 were worth US$143.27 million, increased by 20.63 percent compared to September 2023, and grew by 152.37 percent compared to October 2022. 
• The big three largest trading partner countries of non-oil and gas imports in January–October 2023 were China US$428.89 million (51.31 percent), Malaysia US$68.28 million (8.17 percent), and Ivory Coast US$54.09 million (6.47 percent). Imports of non-oil and gas from ASEAN and EU countries were US$205.68 million (24.60 percent) and US$81.15 million (9.71 percent), respectively. 
• Sumatera Selatan’s balance of trade in October 2023 experienced a surplus of US$382.43 million, which affected by a surplus of non-oil and gas of US$339.85 million and a surplus of oil and gas of US$42.58 million in oil and gas.