Indonesias' Exports Exceed Set Target

The National Bureau of Statistics (BPS) said Indonesia’s exports in December 2011 fell due to the global economic crisis. However, Indonesia was recorded to have export value of US$203.62 billion in 2011, or exceeded government’s goal of US$200 billion. 

According to Acting Head of BPS, Suryamin, the 2011 export had increased 29.05 percent on a year on year basis compared to 2010. However, when compared to November 2011, the December 2011 export was 0.22 percent lower. 

“This occurred as the non-oil export demand dropped by 0.85 percent,” said Suryamin in a press conference in his office in Jakarta, Wed, Feb 1st. 

Based on BPS data, the non-oil export in December 2011 fell by 0.85 percent compared to November which had reached US$13.60 billion. The decline in exports was recorded in animal fats and oils worth US$489.9 million, whereas an increase was shown in metal ores, crusts and ash worth US$136.3 million. 

On the import side, BPS reported, along December 2011, there was an increase of import by 6.14 percent at US$ 16.34 billion compared to November. The import value of all categories in 2011 was higher than the previous year’s import value. 

Imports of consumer goods went up by 34.01 percent, raw material by 32.49 percent, and capital goods by 22.85 percent. 

With this achievement, he added, the trade balance in December 2011 experienced a rise of US$ 858.5 million, given the export of US$ 17.19 billion and import value of US$ 16.33 billion.  “Cumulatively, the trade balance from January to December 2011 gained US$26.32 billion worth of surplus,” he said.

***sources: vivanews.com