Indonesia looks set to record a recovery in non-oil and gas exports, with an increase of between 7 percent and 8.5 percent this year from a year earlier, the Trade Ministry forecasts.
“We’re optimistic that non-oil and gas exports will … increase by between 7 percent and 8.5 percent in 2010,” Deputy Trade Minister Mahendra Siregar told a press conference Tuesday.
The Central Statistics Agency (BPS) recorded US$97.47 billion in non-oil and gas exports in 2009, down by 9.7 percent from the 2008 mark of $107.89 billion.
Mahendra said this year’s projected non-oil and gas export growth was expected to result mainly from global economic recovery that had triggered an increase in prices of goods since the last quarter of last year.
Trade Minister Mari Elka Pangestu had said earlier this year that in total, exports were estimated to expand by 5.1 percent this year after contracting by 11.6 percent last year.