Sumatera Selatan Trade Balance August 2023 Surplus US$362.81 million

Non-oil and gas exports in August 2023 reached US$450.6 million, decreased 11.04 percent compared to non-oil and gas exports in July 2023. Meanwhile, it decreased 36.40 percent compared to August 2022.

Sumatera Selatan’s exports cumulatively during January–August 2023 reached US$ 4.516 billion, decreased 8.86 percent over the same period in 2022.

The main country destinations of exports in August 2023 were China at US$180.54 million, Malaysia at US$58.41million, and South Korea at US$ 58.20 million.

Sumatera Selatan’s exports cumulatively during January–August 2023 reached US$ 1.89 billion for China, US$ 453.79 million for India and US$ 1.89 billion. These three countries reached 59.81 percent of total export. Meanwhile, the export to ASEAN countries and European Union are 22.24 percent and 3.02 percent.

IMPORTS

Imports of Sumatera Selatan in August 2023 were worth US$142.79 million, decreased by 108.16 percent compared to July 2023, and grow by 49.05 percent compared to August 2022.

Imports of oil and gas in August 2023 were US$2.55 million, increased by 35.86 percent compared to July 2023, and fell by 74.14 percent compared to August 2022.

Imports of non-oil and gas in August 2023 were worth US$ 140.24 million, increased by 110.20 percent compared to July 2023, and grew by 63.19 percent compared to August 2022.

The big three largest trading partner countries of non-oil and gas imports in January–August 2023 were China US$271.66 million (47.92 percent), Malaysia US$ 52.58 million (9.27 percent), and Vietnam US$36.98 million (6.52 percent). Imports of non-oil and gas from ASEAN and EU countries were US$151.52 million (26.73 percent) and US$60.39 billion (10.65percent), respectively.