Indonesia's Export Performance Declined in September 2024

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Nabilah Muhamad 16/10/2024 15:59 WIB

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According to BPS data, Indonesia's export value in September 2024 reached US$22.08 billion, a 5.80% decrease compared to August 2024 (mtm). The decline occurred in both the oil and gas and non-oil an

Indonesia's Export Value (August-September 2024*)

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Indonesia's Export Value (August-September 2024*)

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Based on a report from the Central Bureau of Statistics (BPS), Indonesia's export value in September 2024 reached US$22.08 billion, a decrease of 5.80% compared to August 2024 (month-to-month/mtm).

The decline was due to weakening exports in both the mining and non-mining sectors.

In September 2024, non-mining exports were corrected by 5.96% (mtm) to US$20.91 billion. Six out of ten non-mining commodity groups showed a decrease last month.

Metal ores, slag, and ash experienced the steepest decline, falling by 32% (mtm). This was followed by animal and vegetable fats and oils, which decreased by 16.91% (mtm), and machinery and electrical equipment and parts, which fell by 12.39% (mtm).

Meanwhile, the value of oil and gas exports also shrank by 2.81% to US$1.16 billion in September 2024.

This was driven by a plunge in refined oil exports of 12.90% (mtm) and a decrease in natural gas exports of 8.87% (mtm). Conversely, crude oil exports increased by 63.39% (mtm).

Cumulatively, Indonesia's export value from January to September 2024 reached US$192.85 billion. This represents a slight increase of 0.32% compared to the same period last year (cumulative-to-cumulative/ctc).

The increase was driven by non-mining exports, which grew by 0.39% (ctc), while mining exports decreased by 0.80% (ctc).

Editor : Erlina Fury Santika

"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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Indonesia's Export Performance Declined in September 2024

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