The Central Statistics Agency (BPS) of DKI Jakarta Province reported that India emerged as the primary destination for precious metal exports from Jakarta in April 2024. According to Dwi Paramita Dewi, Acting Head of BPS DKI Jakarta Province, via the BPS DKI Jakarta YouTube account on Tuesday, India led Jakarta's export destinations in April 2024 with a value of USD 113.64 million, constituting 14.12% of Jakarta's total exports to India. Dwi detailed the top three export destinations from Jakarta in April 2024. India ranked first with exports valued at USD 113.64 million, accounting for 14.12%, followed by China with USD 111.22 million (13.82%) and Singapore with USD 92.62 million (11.51%). India experienced the highest export growth, up by 57.86% compared to March 2024.
Exports to India were primarily dominated by precious metals, jewelry, and gems, contributing 89.40% to the total exports to India. The demand for precious metals and jewelry/gems from India surged by 78.28%, from USD 56.98 million in March 2024 to USD 101.59 million in April 2024. Other commodities contributing to exports to India included vehicles and parts worth USD 2.74 million, and ships, boats, and floating structures valued at USD 1.80 million. According to BPS records, traditional export destinations for Jakarta experienced declines in April 2024, such as China with a 23.49% decrease and Hong Kong with the largest decline of 53.54%. Precious metals, jewelry, and gems comprised the largest share of exports to Hong Kong at 82.80%. Conversely, these commodities also experienced the largest decrease compared to March 2024, dropping by 55.50%.
