Jakarta (ANTARA News) - Indonesia`s exports of completely built-up (CBU) cars in 2006 increased by 70 percent to 30 thousand units from 17 thousand units in 2005, Director General for Telematics and Transportation Equipment Industries, Budi Darmadi, said here on Monday.
He said that the increase in the car exports was a consequence of the drastic drop in the domestic market by about 40.9 percent as the result of the fuel oil price hike in October 2005.
"There is a blessing in disguise in the drop in the domestic market. Our exports increased and we should continue to maintain this trend," he said.
He said that in 2006 the domestic market absorbed 315 thousand units, down compared to 530 thousand units in 2005.
The director general expressed optimism that this year the sale of cars at home would reach 400 thousand units and exports 40 thousand units.
"Our per capita income has increased while bank interest rates have been lowered. This would boost car sales at home," he added.
He said that Indonesia`s exports would also increase because exporters had won new markets particularly in African and Latin American countries.
The director general also said that Toyota Innova, Avanza, Fortuner and Suzuki APV cars were among Indonesia`s primary export cars. (*)