TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
2018 export growth likely to be 7.5 percent, says trade minister
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Trade Minister Enggartiasto Lukita (JP/Anton Hermansyah)
T
rade Minister Enggartiasto Lukita has estimated that export growth in 2018 would reach only 7.5 percent, far below the targeted 11 percent, although the official result has not been released.
Last year's 11 percent target was already lower than the 16 percent export growth achieved in 2017.
Enggartiasto has attributed the lower export growth to global economic turbulence that led to a decline in local market demand.
"I just want to be realistic, as I see that non-oil and gas exports only [grew] 7.47 percent in November," Enggartiasto told reporters on Monday at the ministry.
The trade minister's projection reflects Indonesia's trade balance predicament, which recorded a US$7.52 billion deficit in November.
The government, he said, would keep expanding bilateral and multilateral trade agreements in order to secure access to foreign markets and drive exports. (bbn)
