The Ministry of Trade held a press conference on Indonesia's export-import performance for August 2024 at the Ministry of Trade Office, Jakarta, on Monday (23 Sep). The Special Staff of the Minister of Trade for International Trade Agreements, Bara Krishna Hasibuan, and the Head of the Trade Policy Agency, Fajarini Puntodewi, were the speakers at the event. Bara announced that Indonesia's exports in August 2024 amounted to USD 23.56 billion, the highest value since December 2022, marking a significant achievement given the current global economic conditions. He explained that the August 2024 exports saw a significant increase compared to July 2024's performance of USD 22.24 billion. Additionally, the trade balance surplus for August 2024 increased significantly to USD 2.9 billion, compared to USD 0.5 billion in July 2024. The Head of the Trade Policy Agency noted that fats and animal/vegetable oils (HS 15) were the largest drivers of non-oil and gas export growth in August 2024. This increase was supported by a 4.08 percent rise in the global crude palm oil (CPO) price to USD 932.63/MT. In terms of export volume, this commodity also rose by 20.81 percent (MoM).
Friday, 27 September 2024 04:33
Indonesia's Export-Import Performance Press Conference for August 2024
