The Trade in November 2018: The Exports Got Better

The Trade in November 2018: The Exports Got Better

InfoSAWIT, JAKARTA – The exports from Indonesia in January—November 2018 got better compared to those in the previous year. In cumulative, the exports in the period reached US$ 165,81billion or increased 7,7 percent from the same period in 2017. It was supported from the increasing oil and gas exports reaching 9,9 percent and non – oil and gas, reaching 7,5 percent.

“Based on the groups of products, the increasing non-oil and gas exports happened for the increasing mining exports reaching 25,6 percent and the process products reaching 4,5 percent. But the agricultural exports decreased 7,6percent,” Ministry of Agriculture, Enggartiasto Lukita said in the official statement to InfoSAWIT recently.

He also told that in November 2018, the exports decreased 5,7 percent or about US$ 14,83 billion compared to those in October 2018 (MoM). The decreasing exports consisted of non-oil and gas reaching US$ 13,46billion or decreased 6,3 percent and oil and gas reaching US$ 1,37 billion or decreased 10,8 percent.

The decreasing non-oil and gas in November 2018 happened for the goal countries to export and the cheap price of the commodity in the international markets. In the previous month, the non-oil and gas export to China decreased  7,1percent; AS decreased 5,0 percent; India decreased 14,7 percent; Malaysia decreased 6,4 percent; and Singapura decreased 16,7 percent. Meanwhile the CPO pricedecreased 8,6 percent; rubberdecreased 6,3 percent; nickel decreased 8,7 percent; aluminumdecreased 4,5 percent; tindecreased 0,3 percent; and iron oredecreased 0,2 percent. (T2)


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