In 2022, the high inflation and the declining
economic growth signaled the slowdown of
the global economy. However, amid these
challenging conditions, Jakarta’s cumulative
exports (January-December 2022) grew
slightly by 2.24 percent compared to the
same period in the previous year.
In contrast, exports in December were
recorded at US$ 974.75 million, declining
1.66 percent compared to the previous
month. Several main destination countries,
especially China and Singapore, influenced
the export decline in this period. Meanwhile,
based on the commodity, the decline in
exports of the three main commodities,
such as precious metals and jewelry/gems,
various chemical products, and electrical
machinery and equipment and their parts,
contributed to the decline of export.
In line with month-to-month export growth,
year-on-year export edged down 1.29
percent. Four of the ten main commodities
experienced a decline in export value
compared to the previous year. The deepest
decline was in the exports of miscellaneous
chemical products.
