Indonesia's exports rise 16.70 percent in October
04/12/2011 43
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Indonesia's exports in October increased by 16.17 percent to 16.80 billion U.S. dollars year on year, the country's Statistic Bureau announced here on Thursday.
Deputy for Distribution and Services of the Statistic Bureau named only Djamal said that non-oil and gas exports rose by 20.33 percent to 13.907 billion U.S. dollars, and oil and gas exports by 1.94 percent to 2.897 billion U.S. dollars.
Indonesia's non-oil and gas exports to Europe in October rose by 86.2 million U.S. dollars to 1.478 billion U.S. dollars from that of in September and those to the United States increased by 203.5 million U.S. dollars to 1.388 billion U.S. dollars, said Djamal.
Analysts said the global economic slowdown would not have significant impact on Indonesia's exports as most of the exported goods were natural resources-based products and plantation crops.
Indonesia's exports account for over 32 percent of the GDP, making the country less vulnerable on the weakening of global commodity demand.
On import, it rose by 29.14 percent to 15.65 billion U.S. dollars in October year on year, he said.
Source: Xinhua News
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