South Sumatra Trade Balance June 2023 Surplus US$502.48 million

Release Date	:	August 1, 2023
File Size	:	1.26 MB

Abstract

South Sumatra's export value in June 2023 reached US$548.46 million, down 5.51 percent compared to exports in May 2023. Compared to June 2022, the export value fell by 7.37 percent.
Non-oil and gas exports in June 2023 reached US$503.95 million, down 6.11 percent compared to May 2023. Compared to June 2022, non-oil and gas exports fell by 2.32 percent.
Cumulatively, the export value of South Sumatra from January to June 2023 reached US$3,466.37 million, up 3.33 percent compared to the same period in 2022.
The largest share of June 2023 exports was China at US$207.60 million, India at US$71.85 million and Malaysia at US$46.11 million.
Cumulatively, South Sumatra's largest export value from January to June 2023 was directed to China in the amount of US$1,531.27 million, India in the amount of US$336.71 million, and Malaysia in the amount of US$243.16 million, with the contribution of the three of them reaching 60.90 percent. Meanwhile, exports to ASEAN and the European Union were 21.79 percent and 3.02 percent, respectively.
South Sumatra's import value in June 2023 reached US$45.98 million, down 51.15 percent compared to May 2023, and down 51.45 percent compared to June 2022.
June 2023 oil and gas imports were valued at US$0.96 million, down 83.25 percent compared to May 2023, and down 45.64 percent compared to June 2022.
June 2023 non-oil and gas imports were valued at US$45.01 million, down 49.06 percent compared to May 2023, and down 51.56 percent compared to June 2022.
The three largest suppliers of imported goods from January to June 2023 are China US$154.35 million (43.41 percent), Malaysia US$26.28 million (7.39 percent) and Thailand US$25.67 million (7.22 percent). . The value of imports from ASEAN in January-June 2023 was US$101.63 million (28.58 percent) and the European Union US$40.56 million (11.41 percent).
South Sumatra's trade balance in June 2023 experienced a surplus of US$ 502.48 million, originating from the non-oil and gas sector of US$ 458.93 million, and the oil and gas sector of US$ 43.55 million.

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