Non-oil and gas exports reached $11.77 billion in August, a 10.94 percent increase from $10.60 billion in the previous month. Meanwhile, oil and gas exports reached $1.94 billion in August, a 3.12 percent increase from $1.88 billion in the previous month.

In the export of non-oil and gas products, Rusman said, coal remained the biggest contributor, accounting for 15.09 percent of total in the first seven months, followed by CPO with 10.72 percent.

Indonesia’s exports of crude palm oil in August increased 45 percent to 1.72 million metric tons from 1.19 million metric tons in July, as floods in India spurred demand for cooking oil, Indonesian Palm Oil Producers Association (Gapki) said as quoted by Bloomberg.

India imported 726,000 tons of crude palm oil and related products in August, up from 449,000 tons in July, Gapki said.

Exports to the European Union increased to 429,000 tons in August from 284,000 tons in July, with crude palm oil comprising 317,000 tons, the Gapki statement said.

Cumulatively, Indonesia’s exports in the first eight months reached $98.71 billion, a 40.42 percent increase over the same period last year, with non-oil and gas exports contributing $81.73 billion, a 36.25 percent increase from over their contribution in the same period last year.

In the first eight months of this year, exports of Indonesia’s manufactured products increased by 34.7 percent to $61.4 billion, the Trade Ministry said in a statement.

“The global economic recovery has stimulated growing demand for Indonesia’s manufactured products. The increase was also seen in exports of mining and agricultural products,” Trade Minister Mari Elka Pangestu said Friday.

Mari said the increase in exports of manufactured goods was mainly a result of significant export growth in several products, including rubber which in the first half grew by 103.9 percent to $5.2 billion compared to the comparable period last year. The value automotive exports also grew by 46.1 percent to $1.5 billion, cacao by 41.5 percent to $977 million and footwear by 33.1 percent to $1.4 billion.

Rusman said Indonesia’s trade surplus reached $1.49 billion in August, accumulating a total surplus of $10.93 billion with all countries in the January-August period.

Indonesia’s imports reached $12.22 billion in August, a 3.21 percent decline from $12.63 billion in the previous month. In the January-August period, imports reached $87.78 billion or 46.87 percent compared to the same period last year.

Imports of non-oil and gas reached $10.01 billion in August, a 4.79 percent decline from $10.52 billion in the previous month. In the January-August period, imports of non-oil and gas reached $70.35 billion or 43.56 increase from the same period last year.

Non-oil and gas imports in August were dominated by machinery and mechanical equipment, worth $1.82 billion, showing a 6.54 decline from the previous month.

“August imports were dominated by capital goods,” Rusman said.

JP/IRMA

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