MARKET DEVELOPMENT
Indonesia’s Export for April Drops 10.30%
Indonesia’s Export for April Drops 10.30%
16/05/2017 (Netralnews) – Suhariyanto, Head of Statistics Indonesia (BPS), has said that Indonesia's trade balance in April 2017 recorded a surplus of United States (US) $1. 24 billion, while export and import value have reached $13.17 billion $11. 93 billion, respectively.
Exports fell 10.30% compared to March 2017, but increased 12.63% compared to April 2016.
"Non-oil and gas commodity export for March and April fluctuated. Palm oil and rubber prices decreased in March to April, while the prices of coal, chocolate, tin, and aluminum were on the rise,” he said in Jakarta on Monday (5/15)
The lower export in April as compared to the previous month had long since happened. Suhariyanto mentioneded that the drop in export in April had been common since 2012.
"Since 2012, our exports in April are always lower than March, so that's normal," he added.
Non-oil exports in April 2017 reached $12.19 billion, down 7.43% compared to March 2017, while compared to April 2016 exports rose 12.89%.
The cumulative value of Indonesian exports from January to April 2017 reached $53.86 billion, an increase of 18.63% over the same period in 2016, while non-oil exports reached $48.90 billion, an increase of 19.14%.
The largest decrease in April 2017 non-oil/gas exports to March 2017 occurred in animal fats and oils of $251.9 million (12.23%), while the largest increase occurred in ores, slags metal dust of $211.8 million (149.58%).
China is still the largest share of Indonesia's exports, reaching 12.81% or $6.26 billion, followed by the United States at 11.55% or $5.65 billion, and India at 9.40% or $4.60 billion.
Indonesia’s import stood at $ 11.93 billion, which is down 10.20% compared to March 2017 but up 10.31% compared to April 2016.
The largest share of imports, still held by China, amounted to 25.70% or $10.37 billion, Japan 11.49% or $4.63 billion, and Thailand at 7.16% or $2.89 billion.
Exports fell 10.30% compared to March 2017, but increased 12.63% compared to April 2016.
"Non-oil and gas commodity export for March and April fluctuated. Palm oil and rubber prices decreased in March to April, while the prices of coal, chocolate, tin, and aluminum were on the rise,” he said in Jakarta on Monday (5/15)
The lower export in April as compared to the previous month had long since happened. Suhariyanto mentioneded that the drop in export in April had been common since 2012.
"Since 2012, our exports in April are always lower than March, so that's normal," he added.
Non-oil exports in April 2017 reached $12.19 billion, down 7.43% compared to March 2017, while compared to April 2016 exports rose 12.89%.
The cumulative value of Indonesian exports from January to April 2017 reached $53.86 billion, an increase of 18.63% over the same period in 2016, while non-oil exports reached $48.90 billion, an increase of 19.14%.
The largest decrease in April 2017 non-oil/gas exports to March 2017 occurred in animal fats and oils of $251.9 million (12.23%), while the largest increase occurred in ores, slags metal dust of $211.8 million (149.58%).
China is still the largest share of Indonesia's exports, reaching 12.81% or $6.26 billion, followed by the United States at 11.55% or $5.65 billion, and India at 9.40% or $4.60 billion.
Indonesia’s import stood at $ 11.93 billion, which is down 10.20% compared to March 2017 but up 10.31% compared to April 2016.
The largest share of imports, still held by China, amounted to 25.70% or $10.37 billion, Japan 11.49% or $4.63 billion, and Thailand at 7.16% or $2.89 billion.