Exports hit 10-year record of $18.35 bln in March

Exports hit 10-year record of $18.35 bln in March

A screenshot of chief of the Central Statistics Agency (BPS), Suhariyanto, during an online press conference in Jakarta. (ANTARA/Dewa Wiguna)

So, the growth has been very encouraging since it rose month-on-month and year-on-year.
Jakarta (ANTARA) - Indonesia’s exports in March, 2021 reached a record US$18.35 billion, a level only breached in August, 2011, when the figure was recorded at US$18.64 billion, according to the Central Statistics Agency (BPS).

High demand from several countries and an increase in exports of Indonesia’s key commodities had a great impact on export performance in March this year, BPS chief Suhariyanto said during an online press conference in Jakarta on Thursday.

Data provided by the BPS shows the value of Indonesia’s exports in March, 2021 reflected an increase of 20.31 percent compared with February, 2021 and 30.47 percent compared with March, 2020.

“So, the growth has been very encouraging since it rose month-on-month and year-on-year,” the BPS chief said.

Exports rose 20.30 percent month-on-month, fueled by an increase in the export of oil/gas and non-oil/non-gas commodities. Non-oil/non-gas exports alone rose 21.21 percent.

On a yearly basis, Indonesia’s exports surged by an impressive 30.47 percent, driven by a 38.67-percent rise in the export of oil and gas commodities and a 30.07 percent growth in the export of non-oil/non-gas commodities, Suhariyanto disclosed.

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 percent, agriculture rose 27.06 percent, manufacturing increased 22.37 percent, and mining and other activities rose 13.68 percent.

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

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