ID :
17720
Mon, 09/01/2008 - 23:33
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http://m.oananews.org//node/17720
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RI SEES ANOTHER TRADE DEFICIT OF $270 MILLION IN JULY
Jakarta, Sept 1 (ANTARA) - Indonesia saw another trade deficit of around US$270 million in July due in part to a rise in raw material and capital goods imports and a drop in foreign exchange earnings from crude palm oil exports.
Indonesia's exports in July 2008 grew 25.03 percent to US$12.55 billion from July 2007 while its monthly imports reached US$12.82 billion, Chief of the Central Bureau of Statistics (BPS) Rusman Heriawan said here on Monday.
"Indeed there was an extraordinary rise in imports particularly to meet demands from bonded zones," he said.
After all, Indonesia in the first seven months of 2008 still enjoyed a surplus of US$5.15 billion from its foreign trade, he said.
Indonesia's exports in the January-July 2008 period reached US$83.03 billion while its imports stood at US$77.88 billion, he said.
"But the trend in the surplus is getting smaller. So if it continues to experience a downward trend, our balance of trade will in the long run suffer a deficit," he said.
Earlier in April 2008, Indonesia also saw a trade deficit of US$520 million.
The BPS chief said the import of raw materials and capital goods rose in July, giving positive prospects to industries relying on imported raw materials in the three months' time.
"The import of raw materials and capital goods showed a spectacular growth of 78.69 percent and 14.72 percent respectively. Meanwhile, consumer goods only grew 6.69 percent," he said.
He said Indonesia also recorded another deficit of US$698 million from its oil and gas trade in July 2008, bringing to US$1.366 billion the country's deficit from oil and gas in the seven months of this year.
Indonesia's oil and gas exports in July 2008 stood at US$2.874 billion while its oil and gas imports reached US$3.572 billion.
"Fat and animal oil exports in July plunged US$1.48 billion to US$581 million from US$2.062 billion a month earlier. The drop was mainly the result of a drop in CPO exports," he said.
Indonesia's exports in July 2008 grew 25.03 percent to US$12.55 billion from July 2007 while its monthly imports reached US$12.82 billion, Chief of the Central Bureau of Statistics (BPS) Rusman Heriawan said here on Monday.
"Indeed there was an extraordinary rise in imports particularly to meet demands from bonded zones," he said.
After all, Indonesia in the first seven months of 2008 still enjoyed a surplus of US$5.15 billion from its foreign trade, he said.
Indonesia's exports in the January-July 2008 period reached US$83.03 billion while its imports stood at US$77.88 billion, he said.
"But the trend in the surplus is getting smaller. So if it continues to experience a downward trend, our balance of trade will in the long run suffer a deficit," he said.
Earlier in April 2008, Indonesia also saw a trade deficit of US$520 million.
The BPS chief said the import of raw materials and capital goods rose in July, giving positive prospects to industries relying on imported raw materials in the three months' time.
"The import of raw materials and capital goods showed a spectacular growth of 78.69 percent and 14.72 percent respectively. Meanwhile, consumer goods only grew 6.69 percent," he said.
He said Indonesia also recorded another deficit of US$698 million from its oil and gas trade in July 2008, bringing to US$1.366 billion the country's deficit from oil and gas in the seven months of this year.
Indonesia's oil and gas exports in July 2008 stood at US$2.874 billion while its oil and gas imports reached US$3.572 billion.
"Fat and animal oil exports in July plunged US$1.48 billion to US$581 million from US$2.062 billion a month earlier. The drop was mainly the result of a drop in CPO exports," he said.
