Indonesia&#039;s Exports in Oct Highest in History

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VIVAnews - Indonesia booked US$14.22 billion worth of exports during October 2010, 16.72 percent increase compared to September 2010. It was the first time that the country exceeded US$14 billion worth of exports in its history.

According to Chief of the National Statistics Agency (BPS) Rusman Heriawan, the previous record was made in December 2009 at US$13.3 billion and in August 2010 at US$13.7 billion.

Meanwhile, non-oil and gas exports by October 2010 reached US$11.61 billion, 14.92 percent increase compared to September 2010.

The total exports recorded between January and October 2010 were valued at US$125.13 billion, 35.45 percent higher compared to the same period in 2009. The non-oil and gas exports hit US$103.4 billion or a rise of 32.21 percent.

The highest gain was from fat and animal/vegetable oil worth US$539.3 million. On the other hand, metal ores and ashes were subject to steep plunge at US$470.2 million.

Japan has been the top destination valuing US$1.34 billion; China, US$1.3 billion; the US, US$1.22 billion; and European Union, US$1.4 billion.

"[Japan, China, and the US] contribute 33.48 percent [to exports]. China bulldozes Singapore within the past three months due to the economic boom and Indonesia doesn't waste the opportunity," said Rusman in Jakarta today, Dec 1.

Rusman projected that the annual export in 2010 will break the new record of US$150 billion.

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VIVA/Indonesia's Exports in Oct Highest in History