Indonesian Political, Business & Finance News

Bali`s pearl imports up nearly 100 Percent

| Source: ANT
Denpasar, (ANTARA News) - Imports of pearls, gems, gold and artificial accessories in the first three months of 2009, increased to US$4.4 million, or up almost 100 percent from 2.4 percent in 2008.

The imported jeweleries were usually reexported after being processed in Bali, Gusti Viraguna Bagoes Oka, head of the Bank Indonesia (BI) office in Denpasar, said on Saturday.

Bali exported pearl handicrafts worth US$13.2 million during January-March 2009, while its pearl imports were only US$2.4 million during the same period, he said.
However, the export value decreased from US$16.6 million in Januar-March 2008, he said.

Bali`s exports decreased from US$8.6 million in January 2009, to US$4.6 million in February, but again increased to US$16.4 million in March 2009, he said.

Meanwhile, exports from Bali have dropped 13.35 percent, from US$70.89 million in the first quarter of 2008 to $61.43 million in the same period this year.

Overall, Balinese imports of various goods dropped by 29.55 percent. Despite significant losses this quarter, several exports improved, including fish and shrimp, furniture and leather goods.(*)
Tags: business
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