BPS says exports up in 10% in seven months<\/p>\n
Dadan Wijaksana, The Jakarta Post, Jakarta<\/p>\n
The Central Statistics Agency (BPS) reported on Monday a rise of
\nalmost 10 percent in exports for the first seven months of the
\nyear as compared to the same period last year.<\/p>\n
BPS said July exports stood at US$5.25 billion, bringing total
\nfigures from January to July to $35.7 billion, a 9.8 percent
\nincrease from $32.6 billion posted in 2002 of the same period.<\/p>\n
"Of the total export revenue in July, $4.25 billion came from
\nnon-oil and gas exports, which experienced a 0.7 percent rise
\nfrom the June figures," BPS chairperson Sudarti Soerbakti
\ntold a press briefing.<\/p>\n
"This means that as of July, export performance has been
\nencouraging, which is good for the economy," Sudarti said, adding
\nthat in July last year, Indonesia suffered a decline in both oil
\nand gas as well as non-oil and gas exports.<\/p>\n
The encouraging figures should provide further evidence that
\nthe country's export performance has started to recover after
\nstruggling for several years due to the global economic slowdown
\nand a number of problems at home, including labor conflicts,
\nsecurity problems, inefficiency, and lack of financing.<\/p>\n
The government has targeted the full-year exports at around
\n$60 billion this year.<\/p>\n
BPS also said that the trade surplus declined to $2.71 billion
\nin July from $2.85 billion in the previous month, due in part to
\na pick-up in imports.<\/p>\n
Imports rose to $2.53 billion in July from $2.42 billion
\nbooked the month earlier, with non-oil and gas imports rising to
\n$1.96 billion from $1.91 billion in the same period.<\/p>\n
Net exports contribute around 10 percent of the country's
\ngross domestic product (GDP), with domestic consumption and
\ninvestment being the other main contributors.<\/p>\n
Despite a relatively low percentage in GDP, a strong
\nperformance in exports -- especially non-oil and gas exports --
\nis of great importance, as it reflects both robust economic
\nactivities at home and a healthy demand from overseas.<\/p>\n
BPS data shows that Japan, the U.S. and Singapore remain the
\ncountry's top three export destinations, accounting for around 40
\npercent of the country's total exports.<\/p>\n
In July, Indonesia's exports to the three countries stood at
\n$593.9 million, $657.2 million and $456.3 million, respectively.<\/p>\n
The U.S. became the country's largest export destination in
\nthe first seven months of the year, accounting for $4.2 billion
\nor 15.3 percent of Indonesia's exports during the period. It was
\nfollowed by Japan which accounts for $3.9 billion or 14 percent
\nof Indonesia's total exports.<\/p>\n
RI's export performance<\/p>\n
--------------------------------------------------------------<\/p>\n
June July January-July January-July<\/p>\n
(2003) (2003) (2002) (2003)
\n--------------------------------------------------------------
\nOil & gas $1.06b $0.99b $ 6.61b $ 7.94b
\nNon oil & gas $4.22b $4.26b $25.85b $27.71b
\n---------------------------------------------------------------
\nTotal exports $5.28b $5.25b $32.46b $35.65b
\n---------------------------------------------------------------
\nSource: BPS<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bps-says-exports-up-in-10-in-seven-months-1447893297",
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