The Export Sector managed to record fantastic figures during the January-December 2022 period. The Central Statistics Agency (BPS) reports that Indonesia’s export value in 2022 reached US$ 291.98 billion. This figure is up 26.07 percent compared to the same period in 2021. Then, what factors influenced this success?
The Head of the Central Bureau of Statistics, Margo Yuwono, said that the increase in commodity prices had affected Indonesia’s exports.
“On an annual basis, it has increased by 26.07% compared to the previous year,” said Margo in a press conference, Monday (16/1/2023).
From BPS records, the highest export contributing commodity was the processing industry amounting to US$ 206.35 billion.
By sector, non-oil and gas exports from the processing industry from January to December 2022 rose 16.45 percent compared to the same period in 2021. Likewise, exports of agricultural, forestry, and fishery products rose 10.52 percent, and exports of mining and other products rose 71.22 percent. percent.
“When viewed from the increase in the mining sector 71.22%,” said Margo.
From BPS data, non-oil and gas contributed 94.51% of Indonesia’s total exports.
Furthermore, (BPS) said that Indonesia’s total export value in December 2022 reached US$23.83 billion. Compared to the previous month, exports during this period fell by 1.10 percent monthly (month-to-month/mtm).
Margo Yuwono said that export developments in December 2022 were influenced by non-oil and gas exports which fell by 2.73 percent mtm.
“The export value in December 2022 reached US$23.83 billion, down 1.10 percent compared to the previous month. The decline in non-oil and gas exports occurred by 2.73 percent compared to the previous month,” he said in a press conference, Monday (16/1/2023).
Margo explained, the decline in non-oil and gas exports was mainly due to a decrease in exports of mineral fuel commodities by 9.44 percent mtm, animal/vegetable oils and fats by 9.47 percent, goods from iron and steel decreased by 50.74 percent, as well as precious metals and jewelry. gems fell 11.61 percent mtm.
On the other hand, oil and gas exports increased by 32.45 percent mtm, which was driven by an increase in crude oil exports of 73.24 percent, oil yields of 31.73 percent, and gas of 28.18 percent.
