JAKARTA - Indonesian exports have seen a big decrease during 2009 because of the worldwide economic crisis. Indonesian exports grew 17.7% between 2005 and 2008, higher than the 10% growth worldwide in that same period. It is expected that exports will drop some 20% this year, with exports outside the gas and oil sector decreasing 10 to 15%.
The Minister of Trade, Marie Elka Pangestu said this during the opening of the Trade Expo Indonesia (TEI) in Jakarta. "The crisis has also given a chance to Indonesia to maintain it's traditional market, but also to expand to new products," said Pangestu. Traditional markets for Indonesian products are the United States, Japan and Europe, while new markets are China, India and Korea amongst others.
The increased number of markets where Indonesian products are sold is also represented in the number of countries sending people to the TEI. According to Hesti Indah Tresnarini, head of the Office for Expansion of National Exports (BPEN), transactions made at the TEI are now reaching 230 million U.S. dollar. The biggest receiver of Indonesian exports is Australia, which imported some 6.7 billion U.S. dollar from Indonesia in 2008.
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JAKARTA - Indonesian exports have seen a big decrease during 2009 because of the worldwide economic crisis. Indonesian exports grew 17.7% between 2005 and 2008, higher than the 10% growth worldwide in that same period. It is expected that exports will drop some 20% this year, with exports outside the gas and oil sector decreasing 10 to 15%.
