Indonesian exports show recovery<\/p>\n
JAKARTA (JP): Jakarta-based consultancy firm PT TradeData
\nannounced on Friday some early, albeit tentative evidence of a
\nrecovery in Indonesian exports for the first time since the onset
\nof the crisis.<\/p>\n
TradeData said in its latest report that Indonesia's exports
\nin May were only 4.4 percent below the trend established before
\nthe crisis.<\/p>\n
It said the increase in a large range of commodities
\nprincipally exported in small quantities, such as textiles,
\nforestry products, electronics and agribusiness had driven the
\nrelatively strong export performance in that month.<\/p>\n
The report, however, said that Indonesian exports to other
\ntroubled Asian countries, namely Malaysia, Thailand, South Korea
\nand the Philippines, were 26.6 percent below the pre-crisis
\ntrend.<\/p>\n
This situation was due in a large part to a significant fall
\nin exports of petroleum products, copper ores and concentrates,
\nplywood, processed woods and other wood products as well as
\ntobacco and rubber products.<\/p>\n
The report also revealed a fundamental change in structure of
\nIndonesian exports. Exports to Japan have fallen dramatically,
\nand are now around 50 percent below the pre-crisis trend.<\/p>\n
However, exports to Singapore and Hong Kong have risen
\ndramatically in the past few months to offset this fall. The rise
\nin exports to these countries is moving away from traditionally
\nlarge exporters such as the oil and gas industry, copper and
\nplywood in favor of small shipments of a wide range of items,
\nparticularly textiles, wooden products, electronics and
\nagribusiness.<\/p>\n
The report also said that Indonesian exports to North America,
\nEurope and Australia are showing an upward trend. (gis)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indonesian-exports-show-recovery-1447893297",
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"sponsor": "Okusi Associates",
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