1. Oil & Gas and Non Oil & Gas Exports
Indonesia’s export in October 2012 declines 1.45 percent if compared to September 2012, or from USD 15,898.1 million to USD 15,667.3 million. If compared to October 2011, export declines 7.61 percent. Export decline in October 2012 is due to decline of non oil & gas export by 3.42 percent, from USD 13,127.6 million to USD 12,678.7 million, while oil & gas export increases by 7.87 percent from USD 2,770.5 million to USD 2,988.6 million. Moreover, increase in oil & gas export is due to increase of export of crude oil by 0.80 percent to USD 950.8 million.
And, export of oil products also increases 31.09 percent to USD 378.9 million and export of gas increases 7.84 percent to USD 1,658.9 million. Volume of oil & gas export in October 2012 against September 2012 for crude oil declines 6.27 percent, while export of oil product and gas increases 41.05 percent and 5.66 percent, respectively. Price of Indonesia’s crude oil in the global market declines from USD 11.02 per barrel in September 2012 to USD 109.85 per barrel October 2012.
2. Non Oil & Gas Export by Commodity Groups of the 2-Digit harmonized Tariff Schedule
Largest decline in non oil & gas export in October 2012 against September 2012 is experienced by animal fats and oils (HS 15) by USD 519.2 million, and the largest increase is experience by mineral fuels (HS 27) by USD 254.2 million.
3. Non Oil & Gas Export by Main destination Countries
Indonesia’s non oil & gas export in October 2012 to China, Japan, and United states reaches USD 1,821.8 million, USD 1,418.4 million and USD 1,154.0 million, respectively, and their total contribution reaches 34.66 percent.
Business News, December 5, 2012