Non Oil and Gas Export in August 2018 Reached US$ 14,4 Billion

Non Oil and Gas Export in August 2018 Reached US$ 14,4 Billion

InfoSAWIT, JAKARTA Non - oil and gas exports from Indonesia in August 2018 reached US$ 14,43 billion, or increased 3,43 percent compared to the same month in the previous year. The non - oil and gas import of Indonesia in August 2018 was surplusUS$ 639,60 million. The better exchange of dolar indirectly gave incentive to the exporters to increase their volume.

“The exports in August 2018 were helped by the increasing dollar currency on rupiah. So the non-oil and gas trade balance remains surplus though it is pressed in the other side,” Minister of Trade, Enggartiasto Lukita said in the official statement toInfoSAWIT, Wednesday (3/10/2018).

The export value in the period is the impact of the increasing exchange of dollar toward rupiah and the press of the trade war between China and America.

He also told that in cummulative, the non oil and gas export in January–August 2018 reached US$ 108,69 billion. It got better 10% compared to the same period in 2017 that reached US$ 98,79 billion. Enggar is optimist that the target of non oil and gas exports could be 11% in 2018 and could be realized though there would be contraction in the early days of the second semester.

Some main commodities of non oil and gas exports that contributed to the increasing export in January–August 2018 were ore, crust, metal ash, (HS 26); iron and steeel (HS 72); kinds of chemical products (HS 38); mineral fuel  (HS 27), and paper/cardboard (HS 48). The increasing exports for some commodity happened for the better export price that may be indicated from the increasing export value than the volume itself.

In the same time, Enggar also said that the export to some countries significantly contribute to non oil and gas export in the period. The exports to some countries that reached the target are China that got the export reaching 30,63% (YoY), Japan (20,39%), and South Korea (15,57%). The increasing export to the countries was supported by the market demands in each country in the same period. (T2)


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