Top 10 Export Commodities in September 2022

Indonesia's September 2022 export performance was negatively impacted by a slowing global economy, resulting in decreased global demand. The correction in prices of several Indonesian key commodities also contributed to the decline in export value last month.

Indonesia's Central Bureau of Statistics (BPS) reported that the value of exports in September 2022 amounted to US$24.8 billion, a 10.99% decrease month-on-month (mom). However, compared to September of the previous year, the value still showed a growth of 20.28% year-on-year (yoy).

The export value of 10 commodity groups (Harmonized System/HS 2 digit) decreased by 9.6% (mom) to US$14.52 billion in September 2022. The commodity groups with the highest export values were mineral fuels (HS 27), animal or vegetable fats and oils (HS 15), and iron and steel (HS 72). Details are as follows:

1. Mineral fuels (HS 27): US$5,061.0 million
2. Animal or vegetable fats and oils (HS 15): US$3,041.1 million
3. Iron and steel (HS 72): US$2,131.7 million
4. Machinery and equipment (HS 85): US$1,346.7 million
5. Vehicles and parts (HS 87): US$1,082.3 million
6. Metal ores; slag; and ash (HS 26): US$1,057.0 million
7. Wood pulp (HS 47): US$361.8 million
8. Clothing and accessories/knitted goods (HS 61): US$310.2 million
9. Fruits (HS 08): US$70.4 million
10. Sugar and confectionery (HS 17): US$60.9 million

*Total: US$14,523.1 million*

The commodity groups experiencing the largest decline in export value in September 2022 were:

* Animal or vegetable fats and oils: down US$1,425.4 million
* Clothing and accessories: down US$137.7 million
* Iron and steel: down US$132.8 million
* Machinery and equipment: down US$102.1 million
* Mineral fuels: down US$83.8 million