RI increases exports to China<\/p>\n
Zakki P. Hakim, The Jakarta Post, Jakarta<\/p>\n
The country's exports in the first nine months of this year
\nshowed surprising strong growth, with a boost from the export of
\ncrude oil, natural gas, coal, rubber-based products and organic
\nchemicals, particularly to China, the Central Statistic Agency
\n(BPS) reported on Monday.<\/p>\n
The BPS said that exports grew by 10.77 percent in the January
\nto September period to reach US$50.74 billion from $45.81 billion
\nin the same period of last year.<\/p>\n
Oil and gas exports rose by 10.14 percent to $11.45 billion.<\/p>\n
Non-oil and gas exports during the nine-month period ending in
\nSeptember were up by 10.95 percent to stand at $39.29 billion
\nyear on year, with a significant boost being provided by rubber-
\nbased products, coal and organic chemicals, providing a combined
\ntotal of $5.23 billion, up from $3.91 billion last year.<\/p>\n
Almost all non-oil and gas commodities were up, except for
\nelectrical machinery, ores, slags and metal ashes, and fishing
\nproducts.<\/p>\n
The BPS also reported that non-oil and gas exports to all
\nmajor destinations increased in the January to September period,
\nwith exports to China booking the biggest expansion of 25 percent
\nto reach $2.49 billion.<\/p>\n
Exports to the U.S. market increased to $6.04 billion, up
\n11.44 percent from the same period last year, making it
\nIndonesia's largest export market, while Japan was the second
\nlargest market with $5.96 billion.<\/p>\n
Looking at the nine-month export performance, officials are
\noptimistic that the government's 7 percent non-oil and gas export
\ntarget of $50.73 billion for this year will be achieved.<\/p>\n
Earlier, officials said that strong economic growth in China
\nand other parts of Asia had contributed to the relatively strong
\nexport growth in Indonesia.<\/p>\n
\"The big gain is mostly due to China, which is now the
\nlocomotive in the region,\" BPS export statistics official Dantes
\nSimbolon told The Jakarta Post.<\/p>\n
Meanwhile, imports surged by 38.82 percent to $33.41 billion
\nin the first nine month compared to the same period last year.<\/p>\n
The surge in imports contributed to a decline in the country's
\ntrade surplus to $17.33 billion from $21.73 billion in the
\nJanuary to September period of last year.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ri-increases-exports-to-china-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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