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South Sumatra's trade balance in August 2021 experienced a surplus of US$400.75 million

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Release Date	:	October 1, 2021
File Size	:	2.94 MB

Abstract

Non-oil and gas exports in August 2021 reached US$458.80 million, up 5.82 percent compared to July 2021. Compared to August 2020, non-oil and gas exports rose quite significantly by 52.81 percent.
Cumulatively, the export value of South Sumatra from January to August 2021 reached US$3,221.11 million, up 40.71 percent over the same period last year 2020, as well as non-oil and gas exports reached US$3,141.98, an increase of 45.37 percent.
The largest increase in non-oil and gas exports occurred in mineral fuels (coal and lignite) of US$38.78 million (29.47 percent), while the largest decline in non-oil and gas exports in August 2021 compared to July 2021 occurred in wood pulp/pulp of US$36.07 million ( 29.80 percent).
By sector, exports of non-oil and gas mining products from January to August 2021 rose 105.50 percent compared to the same period in 2020, as well as exports of agricultural products rose 55.18 percent and exports of industrial products rose 30.79 percent.
The largest export in August 2021 was to China at US$201.84 million, followed by the United States at US$43.65 million and to Japan at US$31.25 million, with the contribution of the three reaching 59.01 percent. Meanwhile, exports to ASEAN and the European Union (27 countries) amounted to US$57.55 million and US$33.40 million, respectively.
Cumulatively, the largest export value of South Sumatra from January to August 2021 was aimed at China, the United States and Malaysia, with a value of US$1,138.85 million, US$318.00 million and US$213.04 million, respectively.
The import value of South Sumatra in August 2021 reached US$68.25 million, up 123.85 percent compared to July 2021 and down 5.74 percent compared to August 2020.
Oil and gas imports in August 2021 were valued at US$2.03 million, up 909.18 percent compared to July 2021 and up 140.08 percent compared to August 2020.
Non-oil and gas imports in August 2021 were valued at US$66.22 million, up 118.62 percent compared to July 2021 and down 7.47 percent compared to August 2020.
The largest increase in imports of non-oil and gas goods in August 2021 compared to July 2021 was mechanical aircraft engines, which increased by US$19.90 million (489.89 percent). Meanwhile, the biggest declines were salt, sulfur and lime, which fell by US$894.37 thousand (69.56 percent).
The three largest suppliers of imported goods during January-August 2021 were China US$393.39 million (67.89 percent), Malaysia US$22.02 million (3.80 percent), and Vietnam US$17.20 million (2.97 percent). ). Imports from ASEAN were US$64.78 million (11.18 percent) and the European Union US$19.25 million (3.32 percent).
According to the category of use of goods, the value of imports from January to August 2021 against the same period the previous year saw an increase in consumption goods of US$4.41 million (105.34 percent), raw/auxiliary materials to US$103.23 million (50.59 percent), and capital goods US$24.87 million (10.42 percent).
Sumatra's trade balance in August 2021 experienced a surplus of US$400.75 million from the non-oil and gas sector of US$392.58 million and the oil and gas sector of US$8.16 million.

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