RI Doubles Exports in Five Years` Time : Minister

02 Februar, 2012 | Source: ANTARA News

Jakarta (ANTARA News) - Trade Minister Gita Wirjawan said Indonesia was able to double its overall exports in only five years` time from 100.79 billion US dollars in 2006 to 203.62 billion US dollars in 2011,

"This is a remarkable achievement as many other countries needed more than five years to do it," Gita said in an expose on Indonesia`s export performance at his office here Wednesday.

Gita said Saudi Arabia needed 26 years to double its exports, Singapore 10 years, South Korea 9 years, Malaysia and China seven and six years respectively.

Countries that equalled Indonesia in this respect were Belgium, , Russia, Switzerland, the United States and Brazil.

He said the constant increase in Indonesia`s exports was fueled by an upward trend in the value of its oil/gas and non-oil/non-gas commodities.

Within the last five years, the value of Indonesia`s oil/gas exports rose 96.09 percent from 21.21 billion US dollars in 2006 to 41.59 billion US dollars in 2011 while that of non-oil/non-gas exports increased 103.59 percent from 79.58 billion US dollars in 2006 to 62.02 billion US dollars in 2011.

The minister admitted that Indonesia`s exports over the past five years mainly consisted of natural-resource-based commodities such as coal, crude palm oil, ruubber and rubber goods.

"But we are now striving to increase the proportion of commodities with added value by pushing export of industrial goods such as footwear, electronic goods and textiles," he said.

He was optimistic that within the next five to 10 years Indonesia`s exports would no longer be dominated by raw materials but by products with high added value.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Indonesia′s economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank′s Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu