Export value in May increases: BPS

28 June, 2018 | Source: Antara News

Head of Central Statistics Agency (BPS) Suhariyanto reported that Indonesia`s export value in May 2018 reached US$ 16.12 billion, a 10.90 percent increase compared to April 2018.

Likewise, it increased by 12.47 percent compared to May 2017," Suhariyanto said in a statement here on Wednesday.

He stated that non-oil and gas exports in May 2018 reached $14.55 billion, or increased by 9.25 percent compared to April 2018 and by 11.58 percent compared to May 2017.

Suhariyanto noted that Indonesia`s import value in May 2018 reached $17.64 billion, or increased by 9.17 percent compared to April 2018, and increased by 28.12 percent compared to May 2017.

Non-oil/gas imports reached $14.83 billion in May 2018, or increased by 7.19 percent compared to April 2018. Similarly, it increased by 23.77 percent compared to May 2017, he remarked.

Indonesia booked $2.09 billion in non-oil/non-gas export to China in May 2018, while export to the United States and Japan were recorded at $ 1.57 billion and $ 1.40 billion, respectively.

Export value to these countries contributes 34.82 percent of Indonesia`s total export value.

Export values to 28 European Union countries amounted to $1.74 billion, he stated.

Based on the origin of export goods, West Java recorded the highest export value during January to May 2018, with a total amount of $12.84 billion (17.14 percent), followed by East Java at $8.02 billion (10.70 percent), and East Kalimantan at $7.45 billion (9.94 percent), he concluded.

Indonesia`s trade balance in May 2018 recorded a deficit of $1.52 billion, showing a decrease compared to the trade balance deficit in the previous month of $1.63 billion.

"Such improvement is attributed to the decreasing deficit in non-oil and gas trade balance exceeding the increasing deficit in oil and gas trade balance," the director of BI`s communications department, Arbonas Hutabarat, remarked.

With such a development, cumulatively from January until May 2018, Indonesia`s trade balance recorded a deficit of $2.83 billion.

Non-oil and gas trade balance in May 2018 recorded a decreasing deficit of $0.28 billion, decreasing from the previous month of $0.52 billion.

The improvement of non-oil and gas trade balance is primarily attributable to the increasing oil and gas export.

Non-oil and gas export in May 2018 increases by $1.23 billion (mtm), primarily boosted by the increasing export of machinery and electrical device, ore, crust, metal ash, iron and steel, knitted goods, and lead.

Meanwhile, non-oil and gas import increases by $0.99 billion (mtm), primarily due to the increasing import of machine and mechanical device, machinery and electrical device, cereals, sugar and candies, as well as vessels and floating structures.

 

Strong consolidation needed to face global economic turbulence Reporter: Agus Salim 3 hours ago President Joko Widodo (Jokowi) addressing at a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) on Monday night. (Agus Salim) Jakarta (ANTARA News) - President Joko Widodo (Jokowi) reminded the country`s fiscal and monetary authorities and the business of the need for strong coordination and consolidation to face the global economic uncertainties. "Uncertainties in the global condition, trade war between the United States and China, increase in interest rate, crisis in Argentina and Turkey, would necessitate strong consolidation and coordination between the monetary and fiscal authorities and the business sector," Jokowi said addressing a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) here on Monday night. He said good coordination and consolidation would make it easier to develop the public and market confidence. "It is the same as in developing a corporation. Trust brand is vital. The state needs that. Building up trust and market confidence that the international communities, domestic market believe that we are working seriously to settle state problems," he said. He said Indonesia is a big country with a population of 263 million, the fourth largest in the world, having 17,000 islands and made up of 34 provinces. "It is not easy to manage such big country . Each area has own cases, and requirement different from each other," he added. He said developing Indonesia concerns not only economic and political aspects. "If we are concerned only with economic and political gains we need only to focus on development of Java, which is home to 60 percent of the country`s population, but we think of a nation. We are concerned not only with expanding business empire leaving Papua, North Maluku, NTT and other eastern Indonesian regions to suffer in backwardness," he said. Currently imbalance is still wide in infrastructure between the country`s western, central and eastern regions, he said, adding Indonesia is seeking to catch up with other countries. He cited three years earlier, Indonesia had only 231 water reservoirs and dams as against 6,000 dams in the United States and 110,000 dams in China. "This is fact that has to be presented and we have to do something about it," he said. He also spoke about progress made in the construction of toll roads saying after the Jagorawi toll road was operational until early 2015, Indonesia had only 780 km of toll road as against China`s toll roads totaling 280,000 km. "We need to know the condition we are in before we start working hard to make up for the gap especially in eastern Indonesia," he said. Reporting by Agus Salim Editing by Albert Saragih Editor: Bustanuddin COPYRIGHT © ANTARA 2018 AddThis Sharing Buttons Share to FacebookShare to TwitterShare to Google+Share to WhatsAppShare to LINEShare to PinterestShare to GmailShare to EmailShare to More Prev News Indonesia calls for reconciliation and justice for peace Next News Puan attends UN meeting on world peace Comments
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