Indonesias export creeps up in May

Shipments of Indonesian products overseas firmly picked up in May from a year ago as some global commodities prices rose, reports Xinhua from Jakarta.

The national statistics bureau announced on Monday that Indonesias exports grew 12.47 per cent to 16.12 billion U.S. dollars in May on yearly basis, compared with a 9.01 per cent growth in April to 14.47 billion U.S. dollars.

“Some (of commodities) lodged (hikes in prices and demand) including coal, nickel, aluminum and copper,” head of the bureau Kecuk Suhariyanto said.

The cumulative of export growth by May touched 9.65 per cent to 74.93 billion U.S. dollars, he noted.

Indonesia is the world’s largest exporter and producer of crude palm oil and thermal coal, and the worlds biggest exporter of rubber and cocoa, as well as home to the worlds second largest copper mine.

For import, it recorded a higher expansion from export in May, a 28.12 per cent growth to 17.64 billion U.S. dollars on year, compared with a 34.68 per cent growth to 16.09 billion U.S. dollars in preceding month, Suhariyanto said.

The huge differential of export and import led to a trade deficit of 1.52 billion U.S.

Indonesias export creeps up in May

Shipments of Indonesian products overseas firmly picked up in May from a year ago as some global commodities prices rose, reports Xinhua from Jakarta. The national statistics bureau announced on Monday that Indonesias exports grew 12.47 per cent to 16.12 billion U.S. dollars in May on yearly basis, compared with a 9.01 per cent growth in April to 14.47 billion U.S. dollars. Some (of commodities) lodged (hikes in prices and demand) including coal, nickel, aluminum and copper, head of the bureau Kecuk Suhariyanto said. The cumulative of export growth by May touched 9.65 per cent to 74.93 billion U.S. dollars, he noted. Indonesia is the worlds largest exporter and producer of crude palm oil and thermal coal, and the worlds biggest exporter of rubber and cocoa, as well as home to the worlds second largest copper mine. For import, it recorded a higher expansion from export in May, a 28.12 per cent growth to 17.64 billion U.S. dollars on year, compared with a 34.68 per cent growth to 16.09 billion U.S. dollars in preceding month, Suhariyanto said. The huge differential of export and import led to a trade deficit of 1.52 billion U.S.