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Bangka Belitung Islands' exports up 28.4 percent yoy in October 2024
WINDONESIA January 15, 2025
Illustrative photo of tin exporting activities. (Antara/PT Timah)
Statistics Indonesia (BPS) Bangka Belitung Islands Province recorded the value of Bangka Belitung Islands' tin and non-tin exports rising by 11.71 percent from US$180.19 million in September 2024 to US$201.28 million in October 2024.
"Tin and non-tin exports rose by 28.40 percent when compared to the same month in the previous year," said BPS Bangka Belitung Islands Head Toto Haryanto Silitonga in Pangkalpinang City on Dec. 2, 2024.
He added that tin exports grew by 13.35 percent from US$150.54 million in September 2024 to US$170.62 million in October 2024.
"Exports of non-tin commodities were recorded at US$30.67 million, or an increase of 3.43 percent compared to US$29.65 million in the previous month," Toto continued.
He divulged that tin from the Bangka Belitung Islands is mostly exported to countries in Asia, with China as the main destination country. As much as 27.22 percent of tin exports worth a combined US$278.1 million were sent to China in the January-October 2024 period. India and South Korea are next, accounting for 23.84 percent and 15.49 percent of tin exports, respectively. Singapore and Japan followed them.
"Those five main countries for tin exports contribute 83.77 percent to the total tin exports of the Bangka Belitung Islands Province," Toto explained.
However, he also revealed that Bangka Belitung Islands' total tin exports to said five countries from January-October 2024 contracted cumulatively compared to the same period the previous year (c-to-c) by 25.44 percent. The province's tin exports to China and Japan contracted by 43.30 percent and 24.53 percent, respectively.
"[Exports] to Singapore has the deepest contraction of 48.24 percent. Meanwhile, exports to India and South Korea increased by 26.20 percent and 40.87 percent, respectively," Toto concluded.
Source: news.batampos.co.idRelated Articles
