EXPORT
In November 2023, the value of Bali Province's exports of goods abroad was recorded to increase by 2.75 percent month to month (m-t-m), from US$ 54,433,849 in October 2023 to US$ 55,928,966 in November 2023. When compared with November 2022 year on year (y-o-y), Bali's export value in November 2023 was recorded to have increased by 6.17 percent.
Of the top 5 export destination countries for Bali in November 2023, the value of exports to Singapore was recorded to have increased by 59.40 percent (m-t-m). This increase was mainly due to the increase in exports of clothing products and accessories (not knitted) (HS 62).
The cumulative export value in the January-November 2023 period was recorded at US$ 533,596,802, down 4.86 percent compared to the same period in the previous year.
IMPORT
In contrast to exports, Bali Province's import performance in November 2023 showed a decline. The value of Bali Province imports of goods from abroad in November 2023 was recorded at US$ 10,381,636, down 9.62 percent compared to October 2023 (m-t-m) which was recorded at US$ 11,486,602. On a year-on-year basis, the import value of Bali Province in November 2023 was recorded to have increased by 21.94 percent.
Of the top 5 countries of import origin in November 2023, the value of imports from China recorded the deepest decline on a month-to-month basis, namely 25.82 percent, which was mainly caused by a decrease in imports of machinery and mechanical equipment products and their parts (HS 84).
Cumulatively, the import value in the January-November 2023 period was recorded at US$ 112,427,130, an increase of 50.87 percent compared to the previous year's period.
