RI Export to China Down 30.6%

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  • TEMPO.CO, Jakarta - Trade Minister Rachmat Gobel said that from January to April 2015 Indonesian exports to China only reached about US$4.3 billion. "Down 30.6 percent over the same period last year," he said in a press conference at his office yesterday.

    Declined exports to China, Japan, Australia, Thailand, and South Korea had resulted in a non-oil trade deficit of US$2.2 billion.

    According to Gobel, exports decline to China is not only experienced by Indonesia, but by all countries that supply goods to China. This is the result of China's import demand that has dropped by 21.5 percent due to a slowing economy.

    Low export to China has also affected Indonesia's trade balance in January to April 2015. The Trade Ministry noted that oil and gas exports fell 32 percent over the same period last year, while mining exports dropped 12.4 percent and industrial export is down 5.7 percent.