Mon, 16 May 2011

Jakarta (ANTARA News) - The value of non-oil/non-gas trade between Indonesia and China is expected to reach US$50 billion in 2011, a Chinese official said.

"The actual figure may even exceed US$50 billion," Chinese embassy spokesman Xu Qi Yi said at a press conference on a planned Chinese Electronics and Machinery Exhibition here on Friday.

He said the amount was above the value of trade between the two countries last year which was at US$42.75 billion.

He also said that China is one of Indonesia`s main non-oil/non-gas trade partners as indicated by the value of their trade that reached US$12.5 billion in the first quarter this year.

Chinese investment in Indonesia`s infrastructure sector is also high as it reached US$6.29 billion in 2010 or up by 31.7 percent from the year before.

"Thousands of Chinese companies are looking for opportunities to invest in Indonesia," he said.

He said most of China`s soft loans for infrastructure investment in the ASEAN region had gone to Indonesia.

According to the National Statistics Agency (BPS) Indonesia suffered a deficit of up to US$5.6 billion in its non-oil/non-gas trade with China in 2010 which was the highest deficit figure sustained by Indonesia in its foreign trade.

Provisional data from BPS showed the value of Indonesia`s non-oil/non-gas exports to China from January to December 2010 totaled US$14.07 billion.

Indonesia`s non-oil/non-gas exports to China consisted mainly of mineral products (coal), fats and vegetable oils, rubber and rubber goods , iron ore and ash, organic chemicals. pulp, wood and wooden products, copper and electrical equipment and machinery.

The value of Indonesia`s non-oil/non-gas imports from China meanwhile was recorded at US$19.68 billion in the same period.

Indonesia mainly imports goods such as electrical equipment and machinery, machinery and tools, iron and steel, organic chemical materials, cotton, plastic and plastic goods, fruits, vehicles and parts from Chi