Bali Province Export and Import Development in May 2020

EXPORT

 

May 2020, the value of exports of goods from Bali Province abroad was recorded at US $ 25,756,676, down as deep as -2.25 percent when compared to exports in April 2020 (mtm) which was recorded at US $ 26,350,478, and reached the most low in the last four years (2017-2020). On a year-to-year basis (compared to May 2019), Bali's exports in May 2020 also fell as deep as -56.45 percent. Cumulatively (January-May 2020) Bali's exports were recorded to fall as deep as -27.41 percent compared to the January-May 2019 period.

 

Exports of goods to Taiwan in May 2020 recorded the deepest decline (-46.59 percent), which was dominated by falling exports of fish and shrimp products (HS 03). In terms of commodities, the deepest decline was recorded in exports of paper / cardboard products (HS 48) which was as deep as -38.61 percent (m-t-m).

 

IMPORT

 

The value of imported Balinese goods from abroad in May 2020 was recorded at US $ 2,491,448, down as deep as -54.11 percent compared to April 2020 (m-t-m) which was recorded at US $ 5,429,030. When compared to May 2019 (y-o-y), Bali's imports in May 2020 also recorded a deeper decline, which was as deep as -88.76 percent.

 

Month-to-month imports of goods fell the deepest (-80.77 percent), which was mainly due to falling imports of leather goods (HS 42). In terms of commodities, imports of optical device (HS 90) products fell the deepest (-77.21 percent).