Sumatera Selatan Trade Balance January 2024 Surplus US$219.35 million

EXPORT

• The value of Sumatera Selatan’s exports in January 2024 reached US$441.35 million, decreased 28.17 percent compared to exports in December 2023 and decreased 23.78 percent compared to January 2023.
• Non-oil and gas exports in January 2024 reached US$401.79 million, decreased 30.02 percent compared to non-oil and gas exports in December 2023. Meanwhile, it decreased 26.98 percent compared to January 2023.
• The main country destinations of exports in January 2024 were China at US$163.69 million, India at US$54.60 million, and Malaysia at US$38.61 million.
• Sumatera Selatan’s exports were dominated by manufacture sector which shared US$219.35 million or 49.70 percent of total export.

IMPORT

• Imports of Sumatera Selatan in January 2024 were worth US$221.43 million, increased by 23.62 percent compared to December 2023, and grew by five times or US$ 49.97 million compared to January 2023.
• Imports of oil and gas in January 2024 were US$219.68 million, increased by 23.94 percent compared to December 2023, and increased by 337.79 percent compared to December 2022.
• The big three largest trading partner countries of non-oil and gas imports in January 2024 were China for US$129.59 million (58.53percent), Finland for US$51.82 million (23.40 percent), and Malaysia for US$12.75 million (5.76 percent).
• Sumatera Selatan’s balance of trade in January 2024 experienced a surplus of US$219.92 million, which affected by a surplus of non-oil and gas of US$182.11 million and a surplus of oil and gas of US$387.81 million in oil and gas.