Indonesias exports register decline in April

Jakarta (ANTARA News) – Indonesias exports in April 2017 dropped 10.30 percent to US$13.17 billion, from $14.67 billion a month earlier, according to the Central Statistics Agency (BPS).

“In April 2017, the exports fell. The prices of several commodities declined. Since April 2012, exports in the month have declined as compared to March,” BPS Chief Suhariyanto noted during a press briefing here on Monday.

In the oil and gas sector, the exports of oil products in April 2017 plunged 51.89 percent to $87.1 million, while the exports of crude oil tumbled 50.65 percent to $302.6 million, and gas exports went down 18.31 percent to $587.2 million.

The decline in export value is in tandem with a drop in the volume of oil and gas exports. The volume of oil and gas exports plummeted 43.69 percent, crude oil exports fell 49.23 percent, and gas exports dropped 24.33 percent.

In April 2017, non-oil/non-gas exports were recorded at $12.19 billion, down 7.43 percent from a month earlier, with animal fat and oil exports falling 12.23 percent, or $251.9 million; electrical machines or appliances, 16.32 percent, or $124.6 million; rubber and rubber products, 10.70 percent, or $90 million; and non-knitted clothing, 20.94 percent, or $77.3 million.

However, in April 2017, exports rose 12.48 percent compared to US$11.69 billion in April 2016.

China is the biggest market for Indonesias exports, with value reaching $1.57 billion, followed by the US, with $1.36 billion, and India, with $1.19 billion.

Source: Antara News