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Total Export Oil & Non Oil and Gas to U.S. $ 157.7 Billion

February 10, 2011
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Increased exports were supported by strengthening exports are more stable monthly, near the end of 2010, and rose an average of 20% compared to monthly exports in 2008 which is the highest record ever. The performance of non-oil exports in December 2010 reached U.S. $ 13.5 billion, have broken the record in the history of the Indonesian economy, says Mari. Total oil and gas and non-oil exports last year reached U.S. $ 157.7 billion, which is also the highest record in the history of the Indonesian economy.

Menguatnya export performance last year, making Indonesia\'s trade balance surplus. The trade surplus for 2010 reached U.S. $ 22.1 billion, consisting of non-oil surplus of U.S. $ 21.4 billion and U.S. $ 0.6 billion oil and gas. Non-oil trade surplus in 2010 is the highest level since the use of the method of calculating the value of imports entering the bonded zone in 2008, continued the minister. For the month of December 2010, the trade balance surplus of U.S. $ 3.7 billion, consisting of non-oil surplus of U.S. $ 3 billion and oil and gas amounted to U.S. $ 0.7 billion. Non-oil surplus again in December, its highest level during 2010, while the cumulative balance of non-oil exports from January to December 2010 had a surplus of U.S. $ 21.4 billion.

Strengthening the non-oil exports is driven by increasing export volumes and prices. Of the 10 main products, the products of high price increases were rubber products (67.3%), oil (25.7%) and cocoa (23.0%). The dominance of non-oil exports of 10 main products also increased, from the previous 47.3% to 47.6% (Graph 2). As for manufacturing export volumes increased significantly by automotive (37.6%), footwear (34.1%), electronics (17%) and textile and clothing / textile (13%).

Happily, increasing non-oil exports in 2010 driven by all sectors of both the mining, industry and agriculture. The mining sector rose 35.4%, while agriculture increased by 14.9% and the industry also increased significantly, by 33.5%. In fact, in 2009 exports of the industrial sector experienced a contraction or a minus of 16.9%. Industrial exports in 2010 reached U.S. $ 98 billion. Rising exports of industrial products can be an indicator of world economic recovery from the global crisis. This is clearly evident from an increase in demand for Indonesian manufacturing export products. So is the demand for agricultural products and mining sectors.

Meanwhile, Indonesian non-oil trade deficit with China during the year 2010 reached U.S. $ 5.6 billion, an increase of U.S. $ 1 billion compared to year 2009. However, when compared with a deficit in 2008 before the economic crisis occurred which reached U.S. $ 7.2 billion, the value of the deficit in 2010 declined sharply.

source: swa.co.id

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