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Year-on-year exports down in May: BPS
Exports declined by 4
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E
xports declined by 4.49 percent to US$16.07 billion in May 2013 based on a year-on-year basis, the National Statistics Agency (BPS) revealed on Monday.
'The decline was triggered by the decreasing oil and gas exports, which stood at 22.98 percent, while non-oil and non-gas exports only increased by 0.77 percent,' BPS Head Suryamin said as quoted by Antara.
The exports in May, however, still managed to climb up by 8.9 percent based on a monthly basis, according to Suryamin.
Most exports in May were bound for China with $1.72 billion, followed by Japan and India with $1.44 billion and $1.32 billion respectively.
