ID :
66084
Tue, 06/16/2009 - 18:54
Auther :
Shortlink :
https://www.oananews.org//node/66084
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RI`S 2009 NON-OIL/NON-GAS EXPORTS EXPECTED TO DROP
Jakarta, June 16 (ANTARA) - Indonesia's non-oil/non-gas exports in 2009 are predicted to drop by 20 percent from last year's value of US$107.8 billion or higher than earlier forecast at 30 percent.
"Our initial forecast is minus 30 percent but now it may be 20 to 30 percent," Trade Minister Mari Elka Pangestu said here on Tuesday.
She said non-oil/non-gas exports had declined since October 2008 and were likely to reach bottom in March. "We hope the trend will rise and therefore contracts will not be as big as in previous years," she said.
According to the Central Bureau of Statistics the country's non-oil/non-gas exports from January to April 2009 reached US$26.90 billion or dropped by 22.68 percent compared to last year's.
Exports from January to March dropped more sharply, namely by 25.69 percent compared to the same period last year.
Non-oil/non-gas exports in April reached US$7.21 billion, down 1.74 percent from March. Exports rose 20.08 percent in March reaching US$7.27 billion compared to the previous month.
Mari said export performance had already improved, driven by the government's fiscal stimulus and infrastructure stimulus of China which was one of the country's main export destinations.
"We felt the impact of the Chinese stimulus as shown by increasing exports of coal, CPO and ferrous sand to China," she said.
The Chinese economic stimulus improved the performance of that country's manufacturing, retail and construction sectors to raise import demand from Indonesia, she said.
She said "India will also encourage people's consumption and give a fiscal stimulus, which will help us as it will raise consumption of crude palm oil and other needs linked to infrastructures."
She said the Indonesian government would continue to maintain its exports to traditional destinations such as the US and the European Union and also increase promotion efforts in non-traditional markets to boost exports.
"The important thing is the volume, not the value which is distorted by price. It is hoped in terms of value contractions will not exceed 10 percent. For the budget predictions are minus five to eight. The trade ministry sets the figure at minus five to 10," she said. ***
"Our initial forecast is minus 30 percent but now it may be 20 to 30 percent," Trade Minister Mari Elka Pangestu said here on Tuesday.
She said non-oil/non-gas exports had declined since October 2008 and were likely to reach bottom in March. "We hope the trend will rise and therefore contracts will not be as big as in previous years," she said.
According to the Central Bureau of Statistics the country's non-oil/non-gas exports from January to April 2009 reached US$26.90 billion or dropped by 22.68 percent compared to last year's.
Exports from January to March dropped more sharply, namely by 25.69 percent compared to the same period last year.
Non-oil/non-gas exports in April reached US$7.21 billion, down 1.74 percent from March. Exports rose 20.08 percent in March reaching US$7.27 billion compared to the previous month.
Mari said export performance had already improved, driven by the government's fiscal stimulus and infrastructure stimulus of China which was one of the country's main export destinations.
"We felt the impact of the Chinese stimulus as shown by increasing exports of coal, CPO and ferrous sand to China," she said.
The Chinese economic stimulus improved the performance of that country's manufacturing, retail and construction sectors to raise import demand from Indonesia, she said.
She said "India will also encourage people's consumption and give a fiscal stimulus, which will help us as it will raise consumption of crude palm oil and other needs linked to infrastructures."
She said the Indonesian government would continue to maintain its exports to traditional destinations such as the US and the European Union and also increase promotion efforts in non-traditional markets to boost exports.
"The important thing is the volume, not the value which is distorted by price. It is hoped in terms of value contractions will not exceed 10 percent. For the budget predictions are minus five to eight. The trade ministry sets the figure at minus five to 10," she said. ***
