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Sumatera Selatan Trade Balance May 2023 Surplus US$486.29 million

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Release Date	:	July 4, 2023
File Size	:	3 MB

Abstract

Sumatera Selatan's export value in May 2023 reached US$580.42 million, an increase of 2.31 percent compared to exports in April 2023. Compared to May 2022, the export value fell by 6.47 percent.

Non-oil and gas exports in May 2023 reached US$536.73 million, up 1.94 percent compared to April 2023. Compared to May 2022, non-oil and gas exports fell by 8.88 percent.

Cumulatively, the export value of Sumatera Selatan from January to May 2023 reached US$2,917.91 million, an increase of 5.62 percent compared to the same period in 2022.

The largest export share in May 2023 was China with US$254.76 million, India with US$48.64 million and Singapore with US$43.82 million.

Cumulatively, Sumatera Selatan's largest export value from January to May 2023 was directed to China in the amount of US$1,323.68 million, India in the amount of US$264.86 million, and Malaysia in the amount of US$197.05 million, with the contribution of the three of them reaching 61.19 percent. Meanwhile, exports to ASEAN and the European Union were 21.08 percent and 2.82 percent, respectively.

Sumatera Selatan's import value in May 2023 reached US$94.12 million, up 62.61 percent compared to April 2023, and up 42.00 percent compared to May 2022.

Oil and gas imports in May 2023 were valued at US$5.75 million, up 41.83 percent compared to April 2023, and down 15.31 percent compared to May 2022.

Non-oil and gas imports in May 2023 were valued at US$88.37 million, up 64.18 percent compared to April 2023, and up 48.54 percent compared to May 2022.

The three largest suppliers of imported goods from January to May 2023 are China US$134.63 million (43.49 percent), Singapore US$24.69 million (7.98 percent), and Malaysia US$23.19 million (7.49 percent). . The value of imports from ASEAN in January-May 2023 was US$93.50 million (30.20 percent) and the European Union was US$33.80 million (10.92 percent).

Sumatera Selatan's trade balance in May 2023 experienced a surplus of US$486.29 million, originating from the non-oil and gas sector of US$448.36 million, and the oil and gas sector of US$37.93 million.

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