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Sumatera Selatan Trade Balance December 2022 Surplus US$584.01 million

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Release Date	:	February 1, 2023
File Size	:	1.78 MB

Abstract

Sumatera Selatan's export value in December 2022 reached US$642.56 million, an increase of 1.13 percent compared to November 2022 exports. Compared to November 2021, the export value increased by 30.30 percent.
Non-oil and gas exports in 2022 reached US$600.84 million, up 1.19 percent compared to November 2022. Compared to December 2021, non-oil and gas exports increased by 21.84 percent.
Cumulatively, the export value of Sumatera Selatan from January to December 2022 reached US$7,581.36 million, an increase of 43.42 percent compared to the same period in 2021.
The largest export share in December 2022 was China with US$293.77 million, India with US$53.07 million and Malaysia with US$45.31 million, with the contribution of the three of them reaching 61.03 percent. Meanwhile, exports to ASEAN and the European Union were 22.60 percent and 4.23 percent, respectively.
Cumulatively, Sumatera Selatan's largest export value from January to December 2022 is destined for China, India and Malaysia, with a respective value of US$2,618.58 million, US$901.10 million and US$538.97 million
Sumatera Selatan's import value in December 2022 reached US$58.55 million, up 17.17 percent compared to November 2022, and down 53.79 percent compared to December 2021.
December 2022 oil and gas imports were valued at US$3.71 million, down 7.56 percent compared to November 2022, and down 66.67 percent compared to December 2021.
Non-oil and gas imports in December 2022 were valued at US$54.85 million, up 19.33 percent compared to November 2022, and down 52.55 percent compared to December 2021.
The three largest suppliers of imported goods from January to December 2022 are China US$442.67 million (48.46 percent), Singapore US$86.51 million (9.47 percent), and Malaysia US$67.38 million (7.38 percent). . The value of imports from ASEAN in January-December 2022 was US$275.36 million (30.15 percent) and the European Union US$31.07 million (3.40 percent).
Sumatera Selatan's trade balance in December 2022 experienced a surplus of US$584.01 million, originating from the non-oil and gas sector of US$546.00 million, and the oil and gas sector of US$38.01 million