Our non-oil/non-gas exports contributed 95.03 percent of the total exports in the January - October, 2020 period, with 11.38 percent of them originating from the agricultural sector.Jakarta (ANTARA) - Indonesia's farm exports reached US$420 million in October, 2020, an increase of 1.26 percent compared to the previous month, according to the Central Statistics Agency (BPS).
The hike in farm exports can be attributed to the improving economy in several countries, BPS deputy head for distribution and service statistics, Setianto, said on Monday.
Farm exports also showed an increase of 23.80 percent compared to the same period last year (year-on-year), he said.
"Our non-oil/non-gas exports contributed 95.03 percent of the total exports in the January - October, 2020 period, with 11.38 percent of them originating from the agricultural sector," he said.
The main markets for Indonesia's non-oil/non-gas exports were China, the United States, and Japan.
Earlier, the BPS had said the agricultural sector grew 2.15 percent (yoy) in the third quarter of 2020. The growth was attributed to the quarter-to-quarter or year-on-year rise in the prices of farm commodities, including palm oil and soybeans in the international market.
Indonesia recorded a surplus of US$3.61 billion in its foreign trade in October, 2020, which was higher than the US$2.44 billion recorded in September, 2020 and US$161 million listed in October, 2019.
Cumulatively, Indonesia's trade surplus totaled US$17.07 billion in the year ending October 31, 2020, compared to a deficit of US$2.12 billion in the year-ago period. (INE)
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Translator: Mentari DG, Suharto
Editor: Fardah Assegaf
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