TEMPO.CO, Jakarta - The Central Statistics Agency (BPS) announced that the export value in December 2016 reached US$13.77 billion. The figure represents a monthly increase of 1.99 percent and a 15.57-percent annual increase.

BPS chief Suhariyanto said the export increase in December was attributable to the rise of non-oil exports by 1.13 percent to US$12.54 billion.

According to Suhariyanto, non-oil exports declined in volume, but the value rose; indicating a price hike in international markets.

(Also read: Mineral Boosts Non-Oil and Gas Export in December 2016)

"We are beginning to see a price increase for non-oil export commodities in international markets. Despite a drop in volume, our export value managed to rise by 1.13 percent," he said in a press conference at BPS building Monday, January 16, 2017.

Suhariyanto said that the monthly value of oil and gas exports also increased by 11.66 percent to US$1.23 billion, following a monthly rise in crude export value by 10.67 percent to US$443.9 million in December 2016.

Indonesia's crude oil price (ICP) rose from US$43.25 per barrel in November 2016 to US$51.09 per barrel in December 2016. However, on an annual basis, Indonesia's exports value from January to December last year fell 3.95 percent (y-o-y) to US$144.43 billion.

In the non-oil sector, the 2016 export values were down by 0.34 percent to US$131.35 billion from 2015's US$ 131.79 billion.

DESTRIANITA