Significant Difference Between Indonesia's Fertilizer Exports and Imports in 2023-2024
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Indonesia's Central Bureau of Statistics (BPS) recorded fertilizer exports totaling 519,710 tons from January to April 2024.
This volume represents a 40.46% year-on-year (yoy) increase compared to the same period in 2023, which amounted to 370,020 tons.
Meanwhile, the value of exports at the beginning of 2024 reached US$189.91 million, a 34.56% yoy increase from US$141.13 million at the beginning of 2023.
The weight and value of exports differ significantly from imports.
Recorded from January to April 2024, the volume of fertilizer imports amounted to 16,210 tons.
The volume decreased drastically by 63.5% yoy from 44,870 tons in 2023.
The value of imports from January to April 2024 reached US$5.92 million.
This figure plummeted by 70.06% yoy from US$19.79 million in January-April 2023.
(Also read: [2024 Fertilizer Subsidy Quota Reaches 9.55 Million Tons, Mostly Urea])
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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