November 2023 West Java exports will reach USD 3.00 billion

West Java's exports in November 2023 will reach USD 3.00 billion. This figure shows positive performance even though it is down 3.87 percent compared to October 2023. Some important points: Export value: USD 3.00 billion Compared to: October 2023: Down 3.87 percent November 2022: Down 2.51 percent Main commodities: Electronic products, textiles, footwear and motor vehicles Main destination markets: United States, China, Japan and ASEAN countries Contribution to West Java GDP: 23.33 percent Despite experiencing a decline, West Java exports in November 2023 are still relatively high. This decline was caused by several factors, such as: Decline in global demand: Demand from West Java's main export destination countries has decreased. Supply chain disruptions: Supply chain disruptions due to global geopolitics and the COVID-19 pandemic are still impacting export activities. Rupiah exchange rate: A weakening rupiah exchange rate against the US dollar in November 2023 could reduce the competitiveness of export products. Efforts that need to be made to increase exports: Export market diversification: Expanding export markets to non-traditional countries. Increasing product competitiveness: Increasing the quality and innovation of export products. Strengthening export logistics: Streamlining the flow of export goods and increasing logistics efficiency. Take advantage of international trade opportunities: Attend international trade shows and take advantage of free trade agreements. The government and business actors in West Java need to continue to work together to improve export performance. With the various efforts made, it is hoped that West Java's exports can continue to increase and contribute to national economic growth.