Sumatera Selatan Trade Balance August 2023 Surplus US$338,13 million

EXPORT

• The value of Sumatera Selatan’s exports in September 2023 reached US$462.00 million, decreased 8.62 percent compared to exports in August 2023 and decreased 31.66 percent compared to September 2022.
• Non-oil and gas exports in September 2023 reached US$419.27 million, decreased 6.95 percent compared to non-oil and gas exports in August 2023. Meanwhile, it decreased 36.10 percent compared to September 2022.
• Sumatera Selatan’s exports cumulatively during January– September 2023 reached US$ 4.978 billion, decreased 11.59 percent over the same period in 2022.
• The main country destinations of exports in September 2023 were China at US$141.58 million, India at US$57.76 million, and Singapore at US$ 36.63 million.
• Sumatera Selatan’s exports cumulatively during January– September 2023 reached US$2.032 billion for China, US$511.55 million for India and US$378.75 million for Malaysia. These three countries reached 58.71 percent of total export. Meanwhile, the export to ASEAN countries and European Union are 23.15 percent and 2.97 percent.

IMPORT

• Imports of Sumatera Selatan in September 2023 were worth US$123.87 million, decreased by 13.25 percent compared to August 2023, and grew by 26.13 percent compared to September 2022.
• Imports of oil and gas in September 2023 were US$5.10 million, increased by 100.04 percent compared to August 2023, and fell by 40.69 percent compared to September 2022.
• Imports of non-oil and gas in September 2023 were worth US$118.77 million, decreased by 15.31 percent compared to August 2023, and grew by 32.54 percent compared to September 2022. 
• The big three largest trading partner countries of non-oil and gas imports in January–August 2023 were China US$338.66 million (49.02 percent), Malaysia US$62.36 million (9.03 percent), and Ivory Coast US$49.11 million (7.11 percent). Imports of non-oil and gas from ASEAN and EU countries were US$182.37 million (26.40 percent) and US$63.30 million (9.16 percent), respectively. 
• Sumatera Selatan’s balance of trade in September 2023 experienced a surplus of US$338.13 million, which affected by a surplus of non-oil and gas of US$300.50 million and a surplus of oil and gas of US$37.63 million in oil and gas.