Exports Face the Challenge
These challenges include the continuing disruption and high costs of maritime logistics, soaring prices for a number of global commodities, the energy crisis, and global economic divergence.
A number of these global challenges have been transmitted or impacted a number of economic sectors in the country. the Central Statistics Agency (BPS) released, the total surplus value of Indonesia's oil and gas and non-oil and gas trade balance throughout 2021 reached 35.34 billion US dollars or Rp 505.715 trillion. The surplus grew 38.82 percent compared to the surplus in 2020 which amounted to 21.62 billion US dollars. The trade balance surplus in 2021 was the highest since the last 15 years. The previous highest surplus occurred in 2006, which was 39.37 billion US dollars. Head of BPS Margo Yuwono said the trade balance surplus was inseparable from the positive performance of non-oil and gas exports. In the January-December 2021 period, the value of Indonesia's non-oil and gas exports reached 219.26 billion US dollars. "Commodities that contribute to these exports are animal/vegetable fats and oils as well as mineral fuels," he said in a press teleconference in Jakarta. During that period, the total export value of animal/vegetable fats and oils, including crude palm oil (CPO), reached 32.83 billion US dollars. Its contribution to non-oil and gas exports is 14.98 percent. Likewise exports of mineral fuels, including coal. The total value of exports and their contribution to non-oil and gas exports amounted to US$32.83 billion and 14.97 percent, respectively. Specifically for coal, its exports throughout 2021 are worth 26.54 billion US dollars with the main destination countries including China, Japan and India. Trade Minister Muhammad Lutfi said, throughout last year's trade, Indonesia did benefit from the commodity supercycle.
|•SOURCE•| Articles :KOMPAS | Image :KOINWORKS |
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