Export Import Performance March 2022 Prints the Highest Record in History
The export-import performance in March 2022 managed to break a record high in history. The export value in March 2022 was recorded at USD 26.50 billion and this value increased significantly by 29.42 percent (mtm) or by 44.36 percent (yoy).
At the same time, the import value in March 2022 reached USD 21.97 billion with a growth of 32.02 percent (mtm) or 30.85 percent (yoy).
With reference to the difference between exports and imports, Indonesia's trade balance in March 2022 again experienced a sizeable surplus, reaching USD 4.53 billion.
Coordinating Minister for Economic Affairs Airlangga Hartarto said that this surplus also continued the surplus trend that had occurred since May 2020 or had occurred for 23 consecutive months.
"Indonesia's international trade performance has again shown an impressive performance in the midst of the escalation of the Russia-Ukraine war. This sustainable surplus will continue to encourage an increase in foreign exchange reserves, as well as increase the capacity and resilience of Indonesia's external sector," said Coordinating Minister for Economic Affairs Airlangga Hartarto, in his official statement, Tuesday (19/4/2022).
According to him, Indonesia's solid surplus performance in March 2022 was supported by export performance which continued to strengthen amid a significant increase in the prices of various mainstay commodities. It was recorded that in March 2022, coal prices increased 49.91 percent (mtm), nickel grew 41.26 percent (mtm), and CPO rose 16.72 percent (mtm).
“In the midst of the momentum of rising commodity prices, Indonesia continues to accelerate the downstreaming of leading commodities. So that Indonesia's exports no longer come from upstream commodities, but rely on downstream commodities that have high added value," said Coordinating Minister Airlangga.
One of the real first steps of this program is evidenced by the transformation of exports from nickel ore to iron and steel derivative products (Ferro Nickel).
source: liputan6.com
At the same time, the import value in March 2022 reached USD 21.97 billion with a growth of 32.02 percent (mtm) or 30.85 percent (yoy).
With reference to the difference between exports and imports, Indonesia's trade balance in March 2022 again experienced a sizeable surplus, reaching USD 4.53 billion.
Coordinating Minister for Economic Affairs Airlangga Hartarto said that this surplus also continued the surplus trend that had occurred since May 2020 or had occurred for 23 consecutive months.
"Indonesia's international trade performance has again shown an impressive performance in the midst of the escalation of the Russia-Ukraine war. This sustainable surplus will continue to encourage an increase in foreign exchange reserves, as well as increase the capacity and resilience of Indonesia's external sector," said Coordinating Minister for Economic Affairs Airlangga Hartarto, in his official statement, Tuesday (19/4/2022).
According to him, Indonesia's solid surplus performance in March 2022 was supported by export performance which continued to strengthen amid a significant increase in the prices of various mainstay commodities. It was recorded that in March 2022, coal prices increased 49.91 percent (mtm), nickel grew 41.26 percent (mtm), and CPO rose 16.72 percent (mtm).
“In the midst of the momentum of rising commodity prices, Indonesia continues to accelerate the downstreaming of leading commodities. So that Indonesia's exports no longer come from upstream commodities, but rely on downstream commodities that have high added value," said Coordinating Minister Airlangga.
One of the real first steps of this program is evidenced by the transformation of exports from nickel ore to iron and steel derivative products (Ferro Nickel).
source: liputan6.com
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