Non Oil-Gas Export Up 1.8% in October

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  • TEMPO.CO, Jakarta - Trade Minister Rachmat Gobel said that non-oil exports in October 2014 reached US$12.9 billion, up 1.8 percent compared to the previous month. The increase, he said, had boosted the year-to-date non-oil exports total to US$15.4 billion.

    "The increased exports have given October's trade balance a surplus of US$23.2 million," said Gobel in an expo at the Trade Ministry, December 3.

    According to Gobel, there are four destination countries with significantly growing markets. They are Australia, United Arab Emirates, Saudi Arabia, and Egypt. "This month's monthly growth is between 10 and 56 percent," he said.

    From Egypt, Gobel said there is an increase for crude palm oil (CPO), fiber, and rubber demand. The Australian market demands more steel products, machinery, and fertilizer.

    The United Arab Emirates have a demand increase for CPO, jewelry, and automotive products. Meanwhile, the Saudi Hotel and Hospitality Expo in April has boosted the demand for F&B products to Saudi Arabia, Gobel said.