The Central Statistics Agency (BPS) recorded that Indonesia’s export value throughout February 2024 reached US$19.31 billion. This figure decreased by 5.79% compared to the previous month’s results. Meanwhile, on an annual basis, export performance this time fell by 9.45%.
“This contraction was driven by a decline in non-oil and gas exports, especially vegetable animal fats and oils, mineral fuels and steel,” said acting Head of BPS, Amalia Adininggar Widyasanti, at a press conference on Friday (15/3).
On the non-oil and gas side, the biggest decline occurred in the iron and steel sector. Sales of this commodity fell by 3.26%.
Apart from that, exports of animal and vegetable fats and oils also decreased by 2.60%. Sales of precious metals and gem jewelry also contracted 0.60%.
Meanwhile, from the oil and gas side, the decline occurred in gas exports with a share of 1.58%.
In detail, oil and gas exports in February 2024 were recorded at US$1.22 billion or down 12.93%. Meanwhile, the value of non-oil and gas exports fell 5.27% with an export value of US$18.09 billion. (Z-11)
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