REPUBLIKA.CO.ID, SURABAYA – East Java Central Statistical Agency (BPS) recorded an increase in export value throughout November 2022. The increase in East Java export value during this month was 2.01% from the previous month, from US$1.93 billion to US$1.97 billion.
Compared to November 2021, East Java’s export value decreased by 9.61%. Head of East Java BPS, Dadang Hardiwan explained that increase in value of exports from East Java compared to last month was triggered increased export performance non-oil sector.
Compared to the previous month, exports from the non-oil and gas sector increased by 5.17%, from $1.81 billion to $1.90 billion. The non-oil and gas sector contributed 96.61% to total exports this month.
“The value of oil and gas sector exports in November 2022 fell by 45.01% compared to the previous month, namely from $121.52 million to $66.83 million. The role of oil sector exports and gas contributed 3.39% of East Java’s total exports this month,” Dadang said on Thursday (12/15).
It was explained that the jewelry/gemstone group (HS 71) was East Java’s top non-oil and gas export with a transaction value of US$247.37 million. This value increased by 100.44% compared to the previous month which was only 123.41 million US dollars.
This product contributed 13.00% to East Java’s total non-oil and gas exports in November 2022 and was mainly exported to Singapore with a value of $85.34 million. Along with exports, imports from East Java in November 2022 also witnessed an increase reaching 3.49% from the previous month.
Namely from 2.56 billion US dollars to 2.65 billion US dollars. The increase in the value of imports was driven by improved import performance in the oil and gas and non-oil and gas sectors. East Java oil and gas imports in November 2022 increased by 5.20% from $587.78 million to $618.35 million.
Oil and gas imports accounted for 23.32% of East Java’s total imports in November 2022. The value of East Java’s non-oil and gas imports in November 2022 also increased by 2.98% from the previous month.
Namely from 1.97 billion US dollars to 2.03 billion US dollars. “Non-oil and gas imports accounted for 76.68% of East Java’s total imports in November 2022,” he said.
Fertilizer Group (HS 31) is the top non-oil and gas import product for East Java in November 2022, with a transaction value of $257.18 million. An increase of 68.90% over the previous month which was only $152.26 million.
This group of goods accounted for 12.65% of East Java’s total non-oil and gas imports this month and were mainly imported from Canada at $86.73 million. Based on these records, East Java’s trade balance throughout November 2022 showed a deficit of US$682.55 million.
This was due to a trade deficit in the oil and gas sector which reached US$551.52 million. Similarly, the non-oil and gas sector recorded a trade deficit of US$131.03 million.
“Cumulatively, from January to November 2022, East Java’s trade balance also experienced a deficit of $8.53 billion,” Dadang said.
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