JAKARTA: Indonesia export slowed in first quarter 2012 compared to the same period in previous years, with one digit higher following the weakening global economy.
Central Agency of Statistics (BPS) announced the country’s accumulative export value rose 6.93% to IDR US$48.53 billion compared to the same period a year earlier. It was the lowest in the last 3 years.
In first quarter 2011, the export grew 27.51% to US$45.31 billion compared to the same period a year earlier.
Indonesia’s export for year on year rose 5.68% to US$35.29 billion in first quarter 2010 after declining 32.13% to US$22.9 billion in first quarter 2009, following the global crisis in 2008.
According to Head of BPS Suryamin, the export performance in upcoming year depends on the follow up from the government to broaden market to non-traditional countries to anticipate declining purchasing power in traditional countries.
Export to several traditional markets, such as the countries in Europe, significantly declined compared to first quarter 2011. For instance, non-oil and gas export to Germany fell by 5.32% to US$786.3 million.
Non-oil and gas export to France also declined 23.11% to US$256.5 million. In total, the country’s non-oil and gas export to European Union fell 7.47% to US$4.6 billion.
Diversification of export destination country is also aimed to keep Indonesia's trade balance surplus. (T06/msw)
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