Each the amount and costs elevated. The costs of palm oil and coal within the worldwide market rose.
Jakarta (ANTARA) – Indonesia’s exports hit a 10-year excessive of US$21.42 billion in August 2021 attributable to a rise in export volumes and world commodity costs, in accordance with Statistics Indonesia (BPS).
“Exports in August had been a brand new document for Indonesia. The nation earlier recorded the very best export of US$18.60 billion in August 2011,” BPS chief Margo Yuwono stated at a web-based press convention on Wednesday.
He attributed the upper exports in August 2021 to a rise in export quantity and world costs of commodities, comparable to palm oil and coal.
“Each the amount and costs elevated. The costs of palm oil and coal within the worldwide market rose,” he stated.
Indonesia’s exports in August 2021 mirrored a rise of 20.95 % in comparison with July 2021 and 64.10 % in comparison with August 2020, he knowledgeable.
China was the biggest marketplace for Indonesia’s non-oil/non-gas exports in August 2021, with the worth of exports reaching US$4.78 billion, adopted by the US (US$2.25 billion) and India (US$1.72 billion), Yuwono stated.
Exports to the three nations accounted for 42.28 % of Indonesia’s exports within the month, he added.
In the meantime, Indonesia’s exports to ASEAN and European Union (EU) member states reached US$3.37 billion and US$1.63 billion, respectively, he stated.
Cumulatively, Indonesia’s exports within the January – August 2021 interval touched US$142.01 billion, up 37.77 % in comparison with the identical interval of final 12 months.
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