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Sumatera Selatan Trade Balance October 2022 Surplus US$610.79 million

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Release Date	:	December 2, 2022
File Size	:	3 MB

Abstract

Sumatera Selatan's export value in October 2022 reached US$673.75 million, down 0.35 percent compared to exports in September 2022. Compared to October 2021, the export value increased by 37.22 percent.
Non-oil and gas exports in October 2022 reached US$633.91 million, down 3.39 percent compared to September 2022. Compared to October 2021, non-oil and gas exports increased by 30.97 percent.
Cumulatively, the export value of Sumatera Selatan from January to October 2022 reached US$6,303.44 million, an increase of 48.47 percent compared to the same period in 2021.
The largest share of October 2022 exports was China at US$282.19, Malaysia at US$43.44 million, and the United States at US$42.09 million, with the contribution of the three of them reaching 54.58 percent. Meanwhile, exports to ASEAN and the European Union were 25.21 and 2.06 percent respectively.
Cumulatively, Sumatera Selatan's largest export value from January to October 2022 is aimed at China, India and Malaysia, with a value of US$2,046.82 million, US$781.30 million and US$481.29 million respectively.
Sumatera Selatan's import value in October 2022 reached US$62.96 million, down 35.90 percent compared to September 2022, and down 20.10 percent compared to September 2021.
October 2022 oil and gas imports were valued at US$6.19 million, down 28.08 percent compared to September 2022, and down 56.04 percent compared to October 2021.
Non-oil and gas imports in October 2022 were valued at US$56.77 million, down 36.65 percent compared to September 2022, and down 12.28 percent compared to October 2021.
The three largest suppliers of imported goods from January to October 2022 are China US$387.59 million (48.15 percent), Singapore US$78.49 (9.75 percent), and Malaysia US$61.32 million (7.62 percent). The value of imports from ASEAN in January-October 2022 was US$257.02 million (31.93 percent) and the European Union US$23.20 million (2.88 percent).
Sumatera Selatan's trade balance in October 2022 experienced a surplus of US$610.79 million, originating from the non-oil and gas sector of US$577.14 million, and the oil and gas sector of US$33.65 million