Indonesia's non-oil-gas exports in 2009 far from target
January 5, 2010 11:06 pm
JAKARTA, Jan. 5 — The exports of Indonesia's non-oil- and-gas products in 2009 may decrease to 12 percent compared to those in 2008, far from the initial target of growing at 8.6 percent, as the global financial crisis weakened demands and prices of the country's export products, Trade Ministry said here on Tuesday.
The Statistic Agency on Jan. 4 announced that Indonesia's non-oil- and-gas exports from January to November 2009 decreased by 13.71 percent to 86.84 billion U.S dollars compared to the same period in 2008.
The ministry revised down the total exports target in 2009, including oil and gas products, and non-oil-and-gas products, from decreasing at 15 percent to decreasing at between 17 to 18 percent, Trade Minister Mari Elka Pangestu said.
"The exports in 2009 may grow minus 17 to 18 percent, and for the exports of non-oil-and-gas minus 12 percent," she told a press briefing at her office here.
Spokesman of the ministry Robert Bintaryo said that more decrease on the overseas sales may be could be caused by the decline on the non-oil-and-gas exports. "The volume of exports for oil-and-gas is normally not much different (from time to time), more decrease may be contributed from the exports at non-oil-and-gas products, as the government has initially targeted it to grow at 8.6 percent in 2009," the spokesman told Xinhua.
However, with the improvement of the global economy, Minister Pangestu was optimistic that the country's exports in 2010 would grow by 5.1 percent and for non-oil-and-gas by 6 to 7.5 percent.
The global economic recovery has boosted demands of exports products.
Among the Indonesia's exports products are palm oil, rubber, textiles, and fabricated products.
Indonesia is the world's biggest palm oil producer and the world's second biggest rubber maker. (PNA/Xinhua) DCT/utb
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