February 2020 Sumatera Utara's exports increased by 15.93 percent while Sumatera Utara's imports decreased by 18.77 percent

The value of exports through the port of loading in the Sumatera Utara region in February 2020 increased compared to January 2020, from US $ 590.02 million to US $ 684.01 million or an increase of 15.93 percent. When compared to February 2019, Sumatera Utara's exports experienced an increase of 18.83 percent.

The group of goods that experienced the largest increase in the value of Sumatera Utara's exports in February 2020 against January 2020 was the group of fats and animal / vegetable oils of US $ 77.06 million (37.37%). The biggest decline in export value occurred in various chemical products by US $ 3.65 million (-5.82%).

Exports to the United States in February 2020 were the largest at US $ 79.47 million followed by India at US $ 66.22 million and China at US $ 44.14 million with the contribution of the three reaching 27.75 percent.

According to the group of main export destinations in February 2020, exports to the Asian region (outside ASEAN) were the largest with a value of US $ 203, 20 million (29.71 percent).

IMPORT

Import value through Sumatera Utara in February 2020 on the basis of CIF (cost, insurance & freight) of US $ 317.88 million, or decreased by 18.77 percent compared to January 2020 which reached US $ 391.34 million. When compared with the same month in the previous year, the value of imports increased by 7.07 percent.

Import value by category of use of goods in February 2020 compared to January 2020, capital goods fell by 54.93 percent, raw / auxiliary materials decreased by 9.64 percent and consumption goods decreased by 27.77 percent.

In February 2020, the group that experienced the highest increase in import value was mineral fuels of US $ 5.12 million (11.41%). The category of goods that experienced the greatest decline in import values ​​were machineries / aircraft mechanics at US $ 38.92 million (-51.40%).

The February 2020 import value from Malaysia was the largest at US $ 62.24 million with a contribution of 19.58 percent of the total Sumatera Utara imports, followed by China at US $ 61.45 million (19.33%) and Australia at US $ 24, 93 million (7.84%).