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Statistics Indonesia Reports Export Growth in October

16 November 2020 15:35 WIB

Statistics Indonesia (BPS) head Suhariyanto poses for journalists after taking part in an event on the preparations of the 2020 Population Census at the BPS' Building 3 in Jakarta, Friday, February 14, 2020. TEMPO/Eko Wahyudi

TEMPO.CO, Jakarta - Statistics Indonesia (BPS) on Monday reported Indonesia’s exports generated US$14.39 billion, which is a 3.09 percent month-to-month growth compared to September's US$13.96 billion.

This was announced by Statistics Indonesia’s deputy of distribution and service statistics, Setianto, in a virtual press conference on Monday, November 16.

Compared to 2019 that scored US$14.88 billion, October’s achievement in 2020 is still far from last year as it logged -3.29 percent year-on-year. 

Despite being unable to achieve last year’s export value, this year’s achievement shows a growing trend after Indonesia’s exports reached their lowest point in March 2, 2020, not long after COVID-19 cases started to be announced. 

In March 2020, the country’s exports reached US$14.07 billion, yet the figure dropped consecutively in April and May to US$12.19 billion and US$10.53 billion. 

Indonesia's exports began to grow in June 2020 with Us$12.01 billion and July with US$13.73 billion. A slight drop, however, took place in August with Us$13.1 billion prior to an increase in September with US$14.01 billion. The upward trend resumed until October 2020.

Read: Indonesia Sets Target of 250 Percent Increase in Shrimp Exports

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