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Indonesia's exports surge in May

07-01-2010 17:00 BJT

JAKARTA, July 1 (Xinhua) -- Indonesia's exports rose by 36 percent in May to 12.52 billion U.S. dollars year-on-year, the National Statistic Bureau announced here Thursday.

The country's non-oil and gas exports rose by 27.02 percent to 10.25 billion U.S. dollars and oil and gas exports by 99.71 percent to 2.27 billion U.S. dollars, head of the bureau Rusman Heriawan told a press conference.

Indonesian Trade Ministry has canceled a rule that requires commodity investors to use letter of credit for payment of exports, an effort to boost the overseas sales.

The government has played down the direct impact of the European debt crisis on the country's exports as the European market only accounted for 11.4 percent of its total exports.

But, economic difficulties in some countries, which have been the destination of Indonesia's exports, has caused some concerns on the country's export prospect.

Indonesia's is the world's largest exporter of geothermal coal and palm oil producers.

On imports, it rose by 31.6 percent to 10.06 billion U.S. dollars in May from that at the same period last year, Heriawan said.

Editor:Du Xiaodan |Source: Xinhua

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