Saturday, 06 January 2024 05:13

Substantial Surge: Bangka Belitung's Tin and Non-Tin Exports Skyrocket by 64.09%, Primarily to China

The Central Statistics Agency of the Bangka Belitung Islands Province reported that the export value of tin and non-tin commodities in the region reached USD 210.28 million in November 2023, marking a significant increase of 64.09% compared to the same month in the previous year, which amounted to USD 128.15 million. Toto Haryanto Silitonga, the Head of BPS Bangka Belitung Province, stated that the year-on-year export growth of 64.09% was primarily driven by a 64.42% surge in tin exports, totaling USD 181.24 million, and a 62.01% increase in non-tin exports, reaching USD 29.04 million in November 2023 compared to November 2022. However, in cumulative terms from January to November 2023, there was a 23.91% decrease in exports compared to the same period in 2022. This decline resulted from a 27.20% drop in tin exports and a 1.85% decrease in non-tin exports.


Silitonga highlighted that until November 2023, tin and non-tin had contributed 83.24% and 16.76%, respectively, to the overall export composition. The majority of tin exports from Bangka Belitung Province were directed to Asian countries, notably China, which received 37.68% of the tin exports between January and November 2023. Singapore followed at 16.45%, and India at 14.40%. South Korea and Japan were also significant destinations for these exports. Silitonga further noted that these top five export destinations collectively accounted for 81.40% of the total tin exports from Bangka Belitung Province to the global market. However, there was a cumulative contraction in export growth to the five major tin export destinations. China experienced a contraction of 21.62%, Singapore by 26.28%, and Japan with the most significant decline at 53.91%. These developments showcased a notable fluctuation in the export dynamics of tin and non-tin commodities from Bangka Belitung Province, particularly in the context of specific country destinations experiencing varying degrees of decline in their imports of these commodities.

Source: https://www.msn.com/id-id/berita/other/mayoritas-ke-tiongkok-ekspor-timah-dan-non-timah-babel-melonjak-6409/ar-AA1mo4vM?ocid=socialshare

 

 

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