BPS: Coal Exports Contracted 19.68% in Early 2024

Jakarta,- The Central Statistics Agency (BPS) said the value of coal exports reached US$ 2.41 billion in January 2024. This figure fell 19.68% from the position in December 2023, while when compared to the value in January 2023 there was a contraction of 29.76%.

"The value of coal exports fell by US$ 590.1 million or 19.68% on a monthly basis," said Acting Head of BPS Amalia Adininggar Widyasanti in a press conference at the BPS Office on Thursday (15/2/2024).

Amalia said the decline in coal exports, especially on a monthly basis, was due to a decline in volume and price. In terms of volume, there was a decrease of 18.06% while in terms of value it fell 19.68%.

"In the global market there is a downward trend in coal prices. The decline in coal exports is more due to a deeper decline in prices," Amalia said.

The decline in coal export performance also affected the exports of the mining and other sectors. BPS records show that mining and other sector exports amounted to US$ 3.68 billion in January 2024. If viewed on a monthly basis, there was a decrease of 23.93%, while on an annual basis there was a contraction of 23.54%.

Overall, the value of Indonesia's exports in January 2024 reached US$ 20.52 billion or decreased by 8.34% compared to exports in December 2023. Compared to January 2023, the export value decreased by 8.06%. Non-oil and gas exports in January 2024 reached US$ 19.13 billion, down 8.54% compared to December 2023, and down 8.20 percent when compared to non-oil and gas exports in January 2023.

Of the ten commodities with the largest non-oil and gas export value in January 2024, the commodity with the largest decrease compared to December 2023 was mineral fuels at US$ 805.9 million (20.81%), while the largest increase occurred in animal/vegetable fats and oils at US$ 208.0 million (10.36%).

Sources : beritasatu.com- Feb 16.24

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