Jakarta (ANTARA News) - The Trade Ministry has projected a 7 percent - 8.5 percent increase in the country`s non-oil\/non-gas exports this year after they reached a total value of US$97.5 billion last year.<\/p>\n
\"We are optimistic non-oil\/non-gas exports in 2010 will meet the targeted increase of 7 percent - 8.5 percent set in the medium-term national development plan,\" Deputy Trade Minister Mahendra said here on Tuesday.<\/p>\n
The target was based on the improved conditions of the global economy and positive sentiment that will boost demand for commodities, he said.<\/p>\n
He said oil and gas exports would gradually decline and non-oil\/non-gas exports would overtake oil and gas exports as the country`s main foreign exchange earner.<\/p>\n
\"Non-oil\/non-gas exports will dominate our exports. That is what we are going to achieve,\" he said.<\/p>\n
Mahendra said since the fourth quarter of 2009 non-oil\/non-gas exports had been showing an upward trend.<\/p>\n
Indonesia`s non-oil\/non-gas exports in 2009 reached US$97.5 billion, a 9.7 percent decline compared to a year earlier, he said.<\/p>\n
The 2009 export performance was better than the government`s forecast of minus 10-15 percent, he said.<\/p>\n
The lower-than-expected drop in last year`s non-oil\/non-gas exports was the result of developed and developing nations` monetary policies and fiscal stimuli to encourage the global economy to recover earlier than expected, he said.<\/p>\n
In addition, Indonesia`s program to diversify its export market to cover China and India also has helped improve its export performance, he said.<\/p>\n
In the past five years Indonesia`s main export markets had shifted from developed nations to China and India, he said.<\/p>\n
Indonesia`s non-oil\/non-gas exports to China last year reached US$8.9 billion, a 14.4 percent increase compared to the year before.<\/p>\n
Meanwhile, Indonesia`s exports to South Korea and India last year rose 10.9 percent and 4.1 percent respectively to US$5.2 billion and US$7.4 billion.(*)<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/non-oilnon-gas-exports-projected-to-increase-7-85-pct-1265784739", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }