PALMOILMAGAZINE, JAKARTA – The Central Bureau of Statistics (CBS) reported on Indonesia’s main non-oil and gas commodity exports for June 2024, including coal, iron and steel, crude palm oil (CPO), and its derivatives. Amalia Adininggar Widyasanti, Head of CBS, noted that while CPO and its derivative exports increased month-on-month (mom), they decreased year-on-year (yoy).
“CPO and its derivative product value rose by 100.70% mom to US$2.18 billion in June 2024, up from US$1.08 billion in May 2024. However, yoy, it decreased by 5.92% from US$2.31 billion in June 2023,” Amalia stated in a CBS press release on Tuesday (16/7/2024).
Amalia also mentioned that coal exports in June 2024 reached US$2.49 billion, marking a slight decrease of 0.36% from the previous month’s US$2.50 billion. Year-on-year, coal exports declined by 6.68% from US$2.67 billion in June 2023.
Iron and steel exports got decreased. “They just reached US$ 2,10 billion in June 2024, decreased 4,32% from US$ 2,20 billion in May 2024. In yoy, iron and steel exports decreased 3,48% from US$ 2,18 billion in June 2023,” she said.
The changes reflected the market dynamic in the globe and other internal factors that had something to do with the production and demands of the commodities. Even though CPO exports got increased mom, the challenges would remain still to maintain the stability and escalate export value consistently in the uncertain market fluctuation and economic dynamic in the globe. (P2)
