TEMPO Interactive, Jakarta: Indonesia exports sank US$20.38 billion in the first semester this year from a year earlier led by slowing demand in foreign market, the statistics agency reported on Monday.
Oil and gas exports saw the largest drop of 55.42 percent to US$16.09 billion acording to the agency, while non oil and gas export down by 21.1 percent to US$42.85 billion, pushing down exports by 28.94 percent to US$50.02 billion from US$70.4 billion in the first semester of 2008.
Japan is the largest market for non oil and gas comodities in the period buying US$5.04 billion, while US came second with US$4.83 billion, and Singapore with US$3.96 billion.
Head of the agency Rusman Heriawan said on Monday export will pick up on a monthly basis in line with world economic recovery. Export in June 2009 rose 1.32 percent from a month earlier to US$9.33 billion.