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Sumatera Selatan Trade Balance July 2022 Surplus US$791.52 million

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Release Date	:	September 3, 2022
File Size	:	2.67 MB

Abstract

Export

The export value of South Sumatra in July 2022 reached US $ 866.10 million, up 46.84 percent compared to exports in June 2022. Compared to July 2021, the export value rose by 78.22 percent.
Non-oil and gas exports in July 2022 reached US$814.53 million, up 57.70 percent compared to June 2022. Compared to July 2021, non-oil and gas exports increased by 71.58 percent.
Cumulatively, the export value of South Sumatra from January to July 2022 reached US$4,212.85 million, an increase of 50.47 percent compared to the same period in 2021, as well as non-oil and gas exports reaching US$3,956.18 million, an increase of 45.22 percent.

Import

The import value of Sumatera Selatan in July 2022 reached US$74.58 million, down 21.26 percent compared to June 2022, and up 144.60 percent compared to July 2021.
Oil and gas imports in July 2022 were valued at US$6.97 million, up 293.19 percent compared to June 2022, and up 3,357.97 percent compared to July 2021.
Non-oil and gas imports in July 2022 were valued at US$67.61 million, down 27.25 percent compared to June 2022, and up 123.21 percent compared to July 2021.
The largest decline in imports of non-oil and gas goods in July 2022 compared to June 2022 was machinery, electrical equipment and its parts, which fell by US$16.46 million (68.74 percent). Meanwhile, the biggest increase was rubber and rubber products, which increased by US$1.52 million (65.84 percent).
The three largest suppliers of imported goods from January to July 2022 were China at US$258.35 million (53.54 percent), Singapore at US$59.84 (12.38 percent), and Thailand at US$33.66 million (6.96 percent). The value of imports from ASEAN in July was US$184.39 million (33.64 percent) and the European Union US$13.90 million (2.54 percent).
According to the category of use of goods, the value of imports from January to July 2022 against the same period the previous year saw a decline in consumer goods of US$ 2.78 million (37.89 percent), capital goods of US$ 71.69 million (30.56 percent), while raw materials raw materials/auxiliaries increased by US$111.39 million (41.37 percent).
Sumatera Selatan's trade balance in July 2022 experienced a surplus of US$791.52 million, from the non-oil and gas sector of US$746.92 million, and the oil and gas sector of US$44.60 million.