Down 21.29 percent, BPS calls Indonesian exports at $21.51 billion in May 2022

Down 21.29 percent, BPS calls Indonesian exports at $21.51 billion in May 2022
Down 21.29 percent, BPS calls Indonesian exports at $21.51 billion in May 2022

EN.BADAKSATU.COM – Indonesian exports registered a decrease in May 2022 to USD 21.51 billion or contracted by 21.29% compared to the previous month.

The Deputy for Statistics of Distribution and Services of the Central Agency for Statistics (BPS), Setianto, said that compared to the same period last year, the value of exports increased by 27 percent.

“Some of these commodities are still experiencing price increases, for example crude oil, CPO, the issue of export restrictions,” Setianto said at a press conference on Wednesday (6/15/2022).

According to him, in some countries there are still export restrictions that affect global supply. For example, in Ukraine there are restrictions on exports of poultry, eggs, sunflower oil and beef.

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In Russia, there are restrictions on the export of wheat, machinery, sugar, barley, fertilizers and nitrogen fertilizers. Then in China there is a ban on the export of fertilizers. Similarly, India has banned the export of wheat and Indonesia has banned the export of crude palm oil and its derivatives.

When viewed from the sector, almost all export sectors experienced a decline in exports. The agriculture, forestry and fishing sectors fell 25.92% to USD 0.29 billion, then the manufacturing industry fell 25.93% to USD 14.14 billion and mining fell 12.92% to USD 5.58 billion.

“One sector saw an increase, namely oil and gas by $1.5 billion, up 4.38%,” he explained.

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(NDA)