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 Asian Development Bank (ADB) decided to maintain its forecast for Indonesia′s economic growth at 5.1 percent in 2019 and 5.2 percent next year despite an expected slowdown in the Asian economy.
Indonesia has been successful in influencing several nations to use palm oil-based biodiesel fuel, Deputy for Food and Agriculture Coordination of the Coordinating Ministry for Economy Musdalifah Machmud stated.
President Joko Widodo (Jokowi) has invited business persons from the United States to capitalize on opportunities in Southeast Asian nations, especially Indonesia.
The President of Indonesia Joko Widodo has been named as the Straits Times Asian of the Year 2019, the Singapore-based newspaper announced in a written statement received here on Thursday.
The Ministry of Trade through the Directorate General of National Export Development (PEN) will hold the 4th Good Design Indonesia, an award for best design product, in 2020. The competition becomes the real support of the Ministry of Trade in motivating and encouraging businesses to develop design-oriented Indonesian products in the global market.
President of Senegal, Macky Sall, commended Indonesia′s role in supporting infrastructure development in his country through the plans to build the multifunctional building, Tower of Goree (Tour de Goree), and the sale of CN-235 aircraft.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu