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Indonesia's export value hit decade-high in March

19/04/2021 01:54 PM

By Mohd Shukri Ishak

JAKARTA, April 19  -- Indonesia’s export value reached a record US$18.35 billion in March this year – the highest level since the US$18.64 billion posted in August 2011 – according to Statistics Indonesia (BPS).

The March figure reflected an increase of 20.31 per cent compared to February 2021 and 30.47 per cent compared to March 2020 – both fuelled by an increase in the export of oil/gas and non-oil/non-gas commodities.

BPS chief Kecuk Suhariyanto was quoted by Antara news agency as saying the growth has been very encouraging since it rose month-on-month and year-on-year.

"High demand from several countries and an increase in the prices of Indonesia’s key commodities has had a great impact on export performance in March this year,” he said.

Positive export growth was recorded in all sectors, including oil and gas, agriculture, manufacturing, and mining. On a monthly basis, the oil and gas sector grew 5.28 per cent, agriculture rose 27.06 per cent, manufacturing increased 22.37 per cent, and mining and other activities rose 13.68 per cent.

Exports also showed a positive year-on-year growth, with the oil and gas sector growing 38.67 per cent, agriculture rising 25.04 per cent, manufacturing increasing 33.45 per cent, and mining and others rising 11.95 per cent.




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