RI's Exports Print the Highest Record in History! Translucent Rp 2,967 T
The Indonesian Minister of Trade, Muhammad Lutfi, said that Indonesia's total exports had reached US$ 209 billion or equivalent to Rp. 2,967.8 trillion (exchange rate of Rp. 14,200). This figure is called a new record compared to the record value in 2011.
"Indonesia recorded the highest achievement. Our exports amounted to US$ 209 billion, higher than 2011 when we recorded an export record of US$ 203.5 billion as well," he said in the 2021 Export Release by the Minister of Trade, Thursday (23/12/ 2021).
Lutfi believes that Indonesia's export value can reach US$ 230 billion by December. The high value of exports is said to be driven by non-oil and gas exports. Among them, derivatives or production from crude palm oil (crude palm oil / CPO), iron and steel, electronics, to automotive. "This year its growth has evolved into industrial goods. Indonesia 10 years ago will become a superpower country from iron and steel, then electronics and my idol have always been automotive," he said.
This record is said to be a new evolution for Indonesian exports. Previously, Indonesia was an exporter of raw goods, now it is an exporter of finished goods.
Lutfi said that evolution also occurred in the investment segment. Where investment in Indonesia has also shifted to areas outside Java. Lufti said that based on data from the Investment Coordinating Board (BKPM), the figure was already equivalent between Java and Outside Java.
"In the past, all investment was in Java. The growth based on the BKPM figure is already 50:50, even higher in the East. Java," he concluded. Meanwhile
The Central Statistics Agency (BPS) noted that Indonesia's trade balance for the November 2021 period experienced a surplus. This adds to the long series of trade balance surpluses.
In November, the surplus was recorded at US$ 3.51 billion. Indeed, this figure is lower than the October 2021 period, which had a surplus of US$ 4.3 billion.
Head of BPS Margo Yuwono explained that this surplus occurred because the value of exports in November was recorded at US$ 22.84 billion and imports of US$ 19.33 billion. "In November 2021 there will be a surplus of US $ 3.51 billion," Margo said at a press conference, Wednesday. (15/12/2021).
Margo said that although the overall surplus did not occur in all countries. "With the three main countries, Indonesia has a surplus and the other three have a deficit," he said.
He added, for example, the United States (US) RI experienced a surplus of US$ 1.8 billion. Its trading commodities include clothing and accessories or knitwear and non-knitted clothing and accessories.
Then with the Philippines, which had a surplus of US$ 801.8 million. This comes from the main commodities, namely mineral fuels as well as vehicles and their parts.
Furthermore, it experienced a surplus with Malaysia of US$ 687.8 million. The driving commodities are mineral fuels and vegetable fat animal oils. Head of the Fiscal Policy Agency of the Ministry of Finance of the Republic of Indonesia, Febrio Kacaribu said that the trend of increasing exports continues, driven by both increases in main commodity prices and volumes. Exports of manufactured and mining products recorded quite high growth.
On the other hand, imports also showed an increasing trend, indicating continued strengthening of national economic activity. The increase in imports can be seen from all sectors, both oil and gas and non-oil and gas sectors, and based on their use, such as consumer goods, raw/auxiliary materials, and also capital goods.
Going forward, the value of imports in the remainder of 2021, both exports and imports, is expected to continue to grow. Rising commodity prices, as well as global demand, will boost export performance. On the other hand, imports will also continue to grow in line with increasing domestic activity. He said the government will continue to provide policies to support exports through improving economic efficiency and competitiveness, increasing the added value of commodity export products, as well as strengthening the national industry supported by infrastructure development and the use of technology.
style="text-align: justify;">In addition, policies to encourage improved market access will also continue to be promoted, especially through international cooperation forums, both bilaterally and multilaterally, to support international trade in goods and services.
"The government will also continue to support and encourage the recovery and strengthening of service exports, including through the continuation of the strategy for developing and promoting Indonesian tourist areas," he said.
The following is Indonesia's trade balance in 2021
January surplus of US$ 2 billion
February surplus US$ 2.01 billion
March Surplus US$1.57 billion
April Surplus US$ 2.19 billion
May Surplus US$ 2.36 billion
June Surplus US$1.23 billion
July Surplus US$ 2.59 billion
August Surplus US$4.74 billion
September Surplus US$ 4.37 billion
October Surplus US$ 4.3 billion
November Surplus US$ 3.51 billion