EXPORT
The export value of South Sumatra in October 2023 reached US$527.57 million or an increase of 14.19 percent compared to exports in September 2023. Compared to October 2022, the export value decreased by 21.65 percent.
Non-oil and gas exports in October 2023 reached US$483.12 million, up 15.23 percent compared to September 2023. Compared to October 2022, non-oil and gas exports fell by 23.79 percent.Cumulatively, South Sumatra's export value from January to October 2023 reached US$5,506.42 million or a decrease of 12.67 percent compared to the same period in 2022.The largest share of exports in October 2023 was China at US$195.02 million, India at US$80.19 million and South Korea at US$34.74 million.Cumulatively, South Sumatra's largest export value from January to October 2023 was aimed at China amounting to US$2,227.97 million, India amounting to US$591.74 million, and Malaysia amounting to US$412.49 million, with the contribution of the three reaching 58.70 percent. Meanwhile exports to ASEAN and the European Union were 22.81 percent and 3.05 percent respectively.IMPORT
The import value of South Sumatra in October 2023 reached US$145.14 million, up 17.17 percent compared to September 2023, and up 152.37 percent compared to October 2022.
Oil and gas imports in October 2023 were worth US$1.87 million, down 63.36 percent compared to September 2023, and down 69.79 percent compared to October 2022.Non-oil and gas imports in October 2023 were valued at US$143.27 million, up 20.63 percent compared to September 2023, and up 152.37 percent compared to October 2022.The three largest suppliers of imported goods from January to October 2023 are China US$428.89 million (51.31 percent), Malaysia US$68.28 million (81.7 percent), and Ivory Coast US$54.09 million (6.47 percent) . The import value from ASEAN in January-October 2023 was US$205.68 million (24.60 percent) and the European Union was US$81.15 million (9.71 percent).South Sumatra's trade balance in October 2023 experienced a surplus of US$382.43 million, originating from the non-oil and gas sector of US$339.85 million, and the oil and gas sector of US$42.58 million.
