ZCZC
BCN-34
INDONESIA-COMMODITIES-PRICES
Indonesias export creeps up in May
JAKARTA, June 25, 2018 (BSS/Xinhua) – Shipments of Indonesian products
overseas firmly picked up in May from a year ago as some global commodities
prices rose.
The national statistics bureau announced on Monday that Indonesias exports
grew 12.47 percent to 16.12 billion U.S. dollars in May on yearly basis,
compared with a 9.01 percent 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 percent 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
percent growth to 17.64 billion U.S. dollars on year, compared with a 34.68
percent 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. dollars in May, according to him.
China, followed by Japan and Thailand, is the largest supplier of imported
non-oil and gas products into Indonesia in the first 5 months with values
respectively at 18.38 billion U.S. dollars, 7.59 billion U.S. dollars and
4.56 billion U.S. dollars, Suhariyanto noted.
BSS/XINHUA/HR/1445