Sumatera Selatan’s balance of trade in June 2024 experienced a surplus of US$486.02 million

Release Date	:	August 1, 2024
File Size	:	3.4 MB

Abstract

Export

The export value of South Sumatra in June 2024 reached US$625.86 million or increased by 24.05 percent compared to exports in May 2024. And when compared to June 2023, the export value increased by 14.11 percent.
Non-oil and gas exports in June 2024 reached US$580.84 million, up 21.79 percent compared to May 2024. Compared to June 2023, non-oil and gas exports increased by 15.26 percent.
Cumulatively, the export value of South Sumatra for the January–June 2024 period reached US$2,707.63 million or decreased by 16.58 percent compared to the same period in 2023.
The largest export share in June 2024 was China at US$248.20 million, India at US$90.29 million and South Korea at US$47.15 million.
Cumulatively, the largest export value of South Sumatra from January to June 2024 was directed to China at US$1067.75 million, India at US$349.83 million, and Malaysia at US$231.29 million, with the contribution of the three reaching 55.96 percent. Meanwhile, exports to ASEAN and the European Union were 24.01 percent and 3.60 percent respectively.

Import

The value of South Sumatra's imports in June 2024 reached US$139.84 million, down 11.37 percent compared to May 2024, and up 204.15 percent compared to June 2023.
Oil and gas imports in June 2024 were worth US$1.01 million, down 45.07 percent compared to May 2024, and up 4.54 percent compared to June 2023.
Non-oil and gas imports in June 2024 were worth US$138.84 million, down 10.97 percent compared to May 2024, and up 208.42 percent compared to June 2023.
The three largest import supplier countries from January to June 2024 were China US$695.25 million (62.65 percent), Finland US$126.11 million (11.36 percent), and Thailand US$42.62 million (3.84 percent). The import value from ASEAN in January-June 2024 was US$13.76 million (12.05 percent) and the European Union US$189.60 million (17.09 percent).
South Sumatra's Trade Balance in June 2024 experienced a surplus of US$486.02 million originating from the non-oil and gas sector of US$442.01 million and the oil and gas sector of US$44.01 million. respectively.

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