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Indonesia export growth declines

03-01-2012 15:28 BJT

JAKARTA, March 1 (Xinhua) -- Indonesia's exports showed a downward trend over the last six months as the debt crisis in Europe has trimmed the demand of emerging Asia.

Head of the Statistic Bureau named only Suryamin announced on Thursday that the shipping of goods from Indonesia had decreased to 15.49 billion U.S. dollar in January from 18.81 billion U.S. dollar in August.

Data from the bureau showed that exports in Sept, Oct., Nov, and Dec were 17.82 billion U.S. dollar, 16.80 billion U.S. dollar, 16.92 billion U.S. dollar and 17.20 billion U.S. dolar respectively.

Indonesia relies on export less than other Asian peers in which it is only accocunt of about 26 percent of the GDP, according to Trade Minister Gita Wirjawan.

The Southeast Asia's largest economy's huge domestic consumption of over 238 million people and growing investment are expected to make up the loss from exports.

Indonesia's exports are dominated by natural resources commodity products and plantation crops.

On import, it indicated a trend of increase from Aug. to Dec. which reached 15.05 billion U.S. dollar to 16.34 billion U.S. dollar respectively, according to the data.

But, Suryamin said that the import was down to 14.57 billion U. S. dollar in January due to the decrease on crude oil import.

The shipping of goods from overseas in Sept, Oct, and Nov, were 15.10 billion U.S. dollar, 15.65 billion U.S. dollar and 16.34 billion U.S. dollar respectively, the data showed.

Editor:Zhang Jianfeng |Source: Xinhua

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