Maluku, Indonesia, experienced a notable decrease in its total export value for January 2024. The export value plummeted by approximately 58.63 percent compared to December 2023, amounting to USD 19.88 million. This decline encompasses both oil and gas commodities, including fuel, as well as non-oil and gas items, such as shrimp and fish.

Comparative Analysis

Despite the downturn in export value from December 2023, January 2024 still showed a marked improvement when juxtaposed with the same period in the previous year. Exports in January 2024 surged by about 37.60 percent compared to January 2023, which stood at USD 5.98 million.

Maluku’s export destinations in January 2024 comprised several countries, indicating the diversity of its trade network. Notable among these were Thailand, Singapore, Vietnam, Hong Kong, Japan, China, the United States, and Ghana.

Shrimp and Fish Contributions

Among the various export destinations, China emerged as a key player, with the largest share of Maluku’s exports valued at USD 6.71 million.

In January 2024, Maluku’s export earnings amounted to USD 8.22 million, primarily driven by the export of shrimp and fish. These seafood commodities continue to be key contributors to Maluku’s export revenue, underlining the importance of sustainable management practices and market diversification strategies within the seafood industry.