{
    "success": true,
    "data": {
        "id": 1377922,
        "msgid": "increasing-national-exports-during-the-crisis-1447893297",
        "date": "1998-09-17 00:00:00",
        "title": "Increasing national exports during the crisis",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Increasing national exports during the crisis Monetary conditions are a major factor in the growth of exports and imports in Indonesia. Exports from both the oil and gas sector and the non-oil and gas sector for this year's January to April quarter were worth US$16.26 billion, a decrease of $1.9 billion from the same period last year. Non-oil and gas exports alone, however, made up $13.48 billion for this quarter, up from $12.35 billion from the same period last year.",
        "content": "<p>Increasing national exports during the crisis<\/p>\n<p>Monetary conditions are a major factor in the growth of<br>\nexports and imports in Indonesia.<\/p>\n<p>Exports from both the oil and gas sector and the non-oil and<br>\ngas sector for this year's January to April quarter were worth<br>\nUS$16.26 billion, a decrease of $1.9 billion from the same period<br>\nlast year. Non-oil and gas exports alone, however, made up $13.48<br>\nbillion for this quarter, up from $12.35 billion from the same<br>\nperiod last year.<\/p>\n<p>\"So, considering the country's monetary situation, the 9<br>\npercent growth rate in the non-oil and gas sector is quite<br>\nacceptable,\" said Dr. Muchtar, chairman of the National Agency<br>\nfor Export Development (BPEN).<\/p>\n<p>On the other hand, Muchtar said, the economy's total imports<br>\nfor the first quarter totaled $9.08 billion -- a 30 percent<br>\ndecrease compared to last year's $14.2 billion for the same<br>\nperiod. The non-oil and gas sector alone accounted for $7.97<br>\nbillion for that quarter -- down 70 percent for the same period<br>\nlast year, he said.<\/p>\n<p>This means, he said, that the significant decrease in imports<br>\nand the increase in exports resulted in a trade surplus of $5.5<br>\nbillion over the quarter, primarily thanks to the non-oil and gas<br>\nsector.<\/p>\n<p>Currently, Indonesia's biggest importers are Japan and the<br>\nUnited States, taking in 28 percent, while Singapore accounts for<br>\n15 percent and the Netherlands, Hong Kong, Malaysia and China are<br>\nresponsible for most of the remainder.<\/p>\n<p>Muchtar said that in evaluating economic problems related to<br>\nthe country's growth of exports and imports, the condition of the<br>\ncountry's currency, the rupiah, should be taken into account when<br>\nlooking at the real sector. But the import and export industry,<br>\nhe said, was not widely influenced by such conditions, especially<br>\nfor products not dependent on imported materials.<\/p>\n<p>Muchtar said that in promoting exports, the industry should be<br>\naware that becoming competitive is a key to success. Companies<br>\nshould compare their products to similar ones made by competing<br>\nfirms in order to evaluate their competitiveness in the market.<\/p>\n<p>\"We shouldn't take it for granted that we will be successful<br>\nwhen entering a market since there are probably other products<br>\nwhich are better,\" he said.<\/p>\n<p>\"Nevertheless, strong competition cannot automatically<br>\nguarantee that our products will be successful. We have to<br>\nevaluate the situation to see if any tariffs and other hurdles<br>\nhamper our sales capabilities.\"<\/p>\n<p>He stressed the need for the government to address such<br>\nhurdles.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/increasing-national-exports-during-the-crisis-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}