On Wednesday, August 15th 2018, the Central Statistics Agency -BPS released Indonesian export in July 2018 was worth $16.24 billion dollars. The amount increased 25.19 % month to month (mtm) compared to June 2018. Meanwhile in year to year (yoy), Indonesian export increased 19.33 %. Head of the agency, Suhariyanto said that the export value still remains due to seasonal factors after Idul Fitri Festivity and the large number of holidays in June which limited exports during the period. In addition, the export increase in July was caused by non-oil and gas exports which increased by 31.18 %. On the contrary, oil and gas exports experienced a decline of 15.16 compared to the previous period.
“Remember that last June was Idul Fitri holiday. There were many holidays and that was why, the increase was so significant for 25.19 %. Because non-oil and gas export increase was 31.18 %. On the contrary, oil and gas decreased by 15.06 %. If we traced it more detail, the decrease of the oil and gas export was due to oil value decrease of 15.25 %. The crude oil value also decreased by 31.08 %, so did the gas,” said Suharyanto.
Furthermore, Suhariyanto explained that non-oil and gas commodities increase was in vegetable fats and oils reaching 17.91 %, mineral fuels 11.90 %, machinery or electrical equipment 37.23 %, and rubber 51.47 %. If it was accumulated, Indonesian export value in January-July 2018 increased by $104.24 billion dollars from the same period last year, which reached $93.61 billion dollars or increased by 11.35 %. The Central Statistics Agency-BPS recorded that import value accumulation from January-July 2018 reached $107.32 million dollars or increased by 24.48 % compared to the same period last year. (VOI/Rezha/AHM)