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Jakarta Post

Indonesia books highest export value in 2 years in November as global trade recovers

  • Dzulfiqar Fathur Rahman

    The Jakarta Post

Jakarta   /   Wed, December 16, 2020   /  08:58 am
The Jakarta Post Image
Containers and cargo vessels are seen at sunset at a port in Lianyungang, Jiangsu province, China, in this file photo.(Reuters/Stringer)

Indonesia booked in November its highest export value since October 2018 as commodity prices picked up and key trading partners started recovering from the coronavirus pandemic. The export value in November reached US$15.28 billion, marking an increase of 9.54 percent year-on-year (yoy), Statistics Indonesia (BPS) announced on Tuesday. This means the country booked its first annual increase in export value since June. “These figures show that export growth in November was very satisfying, as it has increased both on a month-to-month and year-on-year basis,” BPS head Suhariyanto said in a virtual presser on Tuesday. Like global trade in general, Indonesia’s trade has been taking a hit from the COVID-19 pandemic, which has caused logistical disruptions and declines in demand as economies around the world suffer from movement restrictions implemented to curb the v...