Sumatera Selatan’s balance of trade in April 2024 experienced a surplus of US$258.48 million

Release Date	:	June 3, 2024
File Size	:	1.09 MB

Abstract

Export

The value of Sumatera Selatan’s exports in April 2024 reached US$426.33 million, increased 15.26 percent compared to exports in February 2024 and decreased 24.85 percent compared to April 2023.
Non-oil and gas exports in April 2024 reached US$389.72 million, decreased 15.46 percent compared to non-oil and gas exports in March 2024. Meanwhile, it decreased 25.98 percent compared to April 2023.
Sumatera Selatan’s exports cumulatively during January – April 2024 reached US$1,816.24 million, decreased 22.30 percent over the same period in 2023.
The main country destinations of exports in April 2024 were China at US$147.92 million, India at US$34.24 million, and Philippines at US$33.44 million.
Sumatera Selatan’s exports cumulatively during January– April 2024 reached US$660.18 million for China, US$199.07 million for India and US$161.64 million for Malaysia. These three countries reached 56.21 percent of total export. Meanwhile, the export to ASEAN countries and European Union are 23.95 percent and 3.59 percent.

Import

Imports of Sumatera Selatan in April 2024 were worth US$167.85 million, decreased by 13.58 percent compared to March 2024, and grew by 189.99 percent compared to April 2023.
Imports of oil and gas in April 2024 were US$1.69 million, decreased by 32.98 percent compared to March 2024, and decreased by 58.32 percent compared to March 2023.
Imports of non-oil and gas in April 2024 were US$166.16 million, decreased by 13.32 percent .
The big three largest trading partner countries in January until April 2024 were China for US$534.14 million (65.78 percent), Finland for US$109.48 million (13.48 percent), and Ivory Coast for US$28.87 million (3.56 percent).
Sumatera Selatan’s imports cumulatively during January– April 2024 from ASEAN countries and European Union reached US$84.51 million (10.41 percent) and US$133.92 million (16.49 percent).
Sumatera Selatan’s balance of trade in April 2024 experienced a surplus of US$258.48 million, which affected by a surplus of non-oil and gas of US$223.56 million and a surplus of oil and gas of US$34.92 million in oil and gas.

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