Search
  Statistics Tool: Save | Print | E-mail   
Indonesian exports up by 29 pct in 2011
Last Updated(Beijing Time):2012-02-01 14:13

The cumulation of Indonesian exports from January to December 2011 rose by 29.05 percent to 203.62 billion U.S. dollars compared to that in 2010, the Statistic Bureau announced on Wednesday.

In December, the shipping of goods from Indonesia reached 17.20 billion U.S. dollars or 0.22 percent lower than that in November, acting chief of the bureau Suryamin said.

Non-oil and gas exports rose by 24.88 percent to 162.02 billion U.S. dollars last year from that of the previous year, he said.

Indonesia considered to cut its crude oil exports to make up lost from the decrease of import in case of Hormuz crisis takes place, as the country's energy demand rise, Energy Minister Jero Wacik said on Jan. 31.

Analysts have said that the global economic slowdown would not significantly impact on Indonesia's exports as most of them comprise basic needs, such as natural resources-based products and plantation crops.

Deputy Trade Minister Bayu Krisnamurthi said on Dec. 29 that the ministry predicted exports were going to rise to 230 billion U. S. dollar in 2012.

Indonesia's exports account for over 26 percent of the GDP, making the country less vulnerable on the weakening of global commodity demand.

Growing exports and investment and huge consumption have been the main contributors to the economy in Indonesia homed by about 280 million people.

On import, it rose by 30.69 percent to 177.30 billion U.S. dollars in 2011 from that in 2010, said Suryamin.

Source:Xinhua 
Tool: Save | Print | E-mail  

Photo Gallery--China Economic Net
Photo Gallery
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2024 China Economic Net. All right reserved