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.

Jakarta Post

Slow global economic recovery haunts Indonesian exports

  • Adrian Wail Akhlas

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, September 16, 2020   /  08:27 am
The Jakarta Post Image
An employee watches over cranes as he talks on his interphone at a port in Qingdao in east China’s Shandong province in this undated photo. Indonesia failed to continue an upward trend in monthly exports in August as slow global economic recovery reduced demand for the country’s products.(Agence France-Presse/-)

Indonesia failed to continue an upward trend in monthly exports in August as slow global economic recovery reduced demand for the country’s products. Southeast Asia’s largest economy recorded US$13.07 billion in exports in August, down 4.62 percent compared to July and down 8.34 percent annually, as the pandemic upended global demand, Statistics Indonesia (BPS) announced on Tuesday. The country recorded month-on-month (mom) export growth in June and July after contractions in April and May, during which Indonesia implemented strict movement restrictions. Exports of oil and gas products fell 27.4 percent year-on-year (yoy) to around $610 million in August, while exports of mining products decreased 24.7 percent yoy to $1.39 billion due to falling commodity prices. At the same time, shipments of agriculture products rose 1.04 percent yoy to $340 million as manufactured...