The Minister of Trade projected export of oil gas and non oil gas products in 2012 would reach 230 billion and Indonesia’s total export to non traditional states would rise by 25 percent next year. In 2012 it was predicted that global economic performance in 2012 would be the same as 2011, growing by 4 percent while some developed nations would only post 1.9 percent growth. This was disclosed by the Minister of Trade Gita Wirjawan upon announcing trade performance of 2011 and trade outlook 2012 on Friday [30/12]
Assuming that trade volume of goods and services of the world only grew by 5.8 percent it means that growth was slower compared to growth of 2011 which was posted at 7.5 %. Import of developed countries was estimated to grow by 4 percent and export grows by 5.2 %, whilst export of developing countries was expected to grow higher than developed countries was expected to grow higher than developed countries where import was projected to grow by 8.1 percent and export 7.8 percent.
The projection was that although Indonesia’s economic growth would still be better, but it was predicted that Indonesia would still be pattered by the storm of global crisis. The decline in global demand was visible from the sluggish performance of export, especially over the last months of 2011. In 2011 Indonesia’s economy was estimated to have grown by 6.5 % and the Government was trying to post up economic growth at around 6.5 % to 6.7 % in 2012.
Gita stated “With downturn of demand in the global market, Indonesia would strive to balance economic growth with focus on domestic growth. The Government would prioritize on domestic market whereby to jack up economic growth. By 2012 domestic Rp 4,124 trillion. The trading sector as propeller of growth played an important role in Indonesia’s economy. The trading sector, hotels and restaurants will be among the sustainers on national economic growth in 2012”.
The main strategy of the Ministry of Trade was to aim at vital targets with the objective o strengthening the domestic market, of which 95 percent of household consumption was fulfilled by domestic products with targeted ratio consumption of domestic products against household consumption in 2014. According to Gito today had reached 92 percent and set at 95 percent in 2014. For that matter it was deemed necessary to have an indicator which uplifted domestic transaction value like health as parameter, especially in the management of traditional market.
Furthermore it was expected to stabilize price of food based on indicator of average varied co-ef-efficient of 10 main food commodities was not more than 7 percent. In addition to that contribution of the trading sector increased based on real annual GDP growth of big traders and retailers was at least 7 percent. Deputy Minister Bayu Krisnamurti admitted that sizable domestic economic growth would serve as magnet to overseas exporters.
With the downturn of demand in the global market, Indonesia would strive to maintain balance of economic growth resources; the Government would prioritize on domestic market to propel Indonesia’s economic growth Economic Performance of 2011.
Indonesia was a country whose total export would soon come to USD 200 billions and would be posted at USD 211 billions this year 2012, although it was still not calculated how much was the actual trade surplus, Gita was quoted as saying. Indonesia was also a country which had been able to multiply export volume in five years. In 2011 Indonesia’s main export destination countries were China, Japan, the USA, Singapore and Malaysia.