Indonesia’s export value in March hit its highest level since August 2011 as global economic activity rebounds, sustaining progress in the country’s trade recovery.
Statistics Indonesia (BPS) reported Thursday the export value rose 30.47 percent year-on-year (yoy) to US$18.35 billion in March, the highest level since the $18.64 billion booked in August 2011. On a monthly basis, the export value was up 20.31 percent.
“The rise in demand from various countries along with [price] increases in Indonesia’s main commodities had a large impact on the country’s export performance in March,” BPS head Suhariyanto said in a virtual briefing.
He gave the example of coal, kernel oil, palm oil, copper, aluminum and lead as major export commodities that saw strong price increases on a monthly basis.