February 2024, Sumatera Utara's exports will increase by 1.52 percent and Sumatera Utara's imports will increase by 1.09 percent

Release Date	:	April 1, 2024
File Size	:	2.33 MB

Abstract

The value of exports through loading ports in the Sumatera Utara region in February 2024 increased compared to January 2024, namely from US$735,683 million to US$746,834 million or an increase of 1.52 percent. When compared with February 2023, Sumatera Utara's exports decreased by 18.68 percent.
The group of goods that experienced the largest increase in export value in February 2024 compared to January 2024 was coffee, tea, spices, which increased by US$ 15.47 million (49.49%), while the group of goods that experienced the largest decline in export value was among the 10 The main category of goods was rubber and rubber goods amounting to US$ 6.04 million (-9.00%).
Exports to China in January 2024 were the largest, namely US$138.37 million, followed by the United States at US$110.71 million and India at US$46.94 million with the contribution of the three reaching 39.63 percent.
According to the group of main export destination countries in January 2024, exports to the Asian region (outside ASEAN) were the largest with a value of US$249.00 million (33.34%).
The value of imports through Sumatera Utara in February 2024 on a CIF (cost, insurance & freight) basis was US$454.10 million or an increase of 1.09 percent compared to January 2024 which was worth US$449.20 million. When compared with the same month in the previous year, the value of imports increased by 20.71 percent
The value of imports by goods use class in February 2024 compared to January 2024, raw/auxiliary materials increased by 8.79 percent while capital goods and consumer goods fell by 14.28 percent and 33.10 percent respectively.
In February 2024, the category of goods that experienced the largest increase in import value was mineral fuel with a value of US$31.64 million (46.72%), while the category of goods that experienced the largest decrease in import value was plastic and plastic goods amounting to US$10. .93 million (-34.94%).
The import value in February 2024 from China was the largest, namely US$ 101.93 million, with its role reaching 22.45 percent of Sumatera Utara's total imports, followed by Malaysia at US$ 68.45 million (15.08%) and Singapore at US$ 65.87 million. (14.51%).

Related Official Statistics News

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November 2023, Sumatera Utara's exports will decrease by 6.80 percent and Sumatera Utara's imports will increase by 17.70 percent.

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February 2024, Sumatera Utara's exports will increase by 1.52 percent and Sumatera Utara's imports will increase by 1.09 percent