In October 2024, Indonesia recorded significant export achievements price USD 24.41 billion, a rise of 10.69%. in comparison with September 2024
Compared to October 2023, Indonesia’s exports also increased by 10.25%.
Acting head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti explained that Indonesia’s non-oil and gas exports in October 2024 amounted to USD 23.07 billion.
This number increased by 10.35%. in comparison with September 2024 and recorded a greater increase of 11.04%. in comparison with the identical period last 12 months.
Of the highest ten commodities with the very best export value outside oil and gas in October 2024, most saw significant growth.
One of the biggest increases was the export of animal/vegetable fats and oils, which increased by USD 1,046.5 million, or roughly 52.67%.
“While the decline was in precious metals and jewelry and gems worth $102.0 million (14.46 percent),” Amalia said on Friday (November 15).
By sector, Indonesian non-oil and gas exports showed positive developments from January to October 2024. Exports of the manufacturing sector recorded a rise of three.75%. in comparison with the identical period of 2023, which indicates an improvement within the situation within the production sector.
In addition, the export of agricultural, forestry and fishing products increased significantly, by 23.78 percent, which shows the good potential of those sectors in supporting Indonesia’s exports.
However, the mining export sector recorded a decline of 8.65%. This decline could also be influenced by unstable raw material prices on global markets or a decline in demand for certain mining products.
Indonesia’s largest export destination in October 2024 was China, which received Indonesian exports price USD 5.66 billion, followed by the United States with an export value of USD 2.34 billion and India with an export value of USD 2.02 billion. These three countries accounted for nearly 44 percent of Indonesia’s total non-oil and gas exports.
Moreover, Indonesia’s exports to ASEAN amounted to USD 4.32 billion and to the European Union – USD 1.59 billion. This shows that the Asian market stays the primary export destination from Indonesia, although European and American markets even have a major share.
Geographically, Indonesia’s largest exports got here from the province of West Java price US$31.52 billion (14.51% of total exports), followed by East Java with US$21.44 billion (9.87%) and East Kalimantan with US$20.86 billion ( 9.60%).
The total value of Indonesia’s exports from January to October 2024 reached $217.24 billion, a rise of 1.33%. in comparison with the identical period in 2023
Meanwhile, non-oil and gas exports amounted to $204.21 billion, a rise of 1.48%.
This growth is encouraging for Indonesia’s future trade prospects, although attention stays to global challenges corresponding to commodity price fluctuations and geopolitical tensions.
