TEMPO.CO, Jakarta-The Central Statistics Agency recorded Indonesia’s exports in May 2016 stood at US$11.51 billion, increasing by 0.31 percent compared to that in April 2016. However, compared to the same month last year, the figure plummeted by 9.75 percent.
BPS head Suryamin said that the increase in exports was caused by an increase in oil and gas exports by 7.42 percent from US$891.8 million to US$957.9 million.
“Oil and gas exports rose by 30.23 percent,” Suryamin said at his office on Wednesday, June 15, 2016.
The Indonesian crude price in the global market increased from US$37.20 per barrel in April to US$44.68 per barrel in May 2016. Meanwhile, exports of oil and gas products dropped by 17.16 percent to US$61.2 million and by 4.40 percent to US$464.8 million, respectively.
Crude exports in May 2016 increased by 23.49 percent compared to the previous month. On the other hand, oil and gas products were down by 13.64 percent and 0.27 percent, respectively.
Furthermore, Indonesia recorded a dip in non-oil and gas exports by 0.29 percent from US$10.584 billion to US$10.553 billion. Compared to the same month last year, the figure dropped by 7.12 percent.
Indonesia’s cumulative export value in the period of January-May 2016 stood at US$56.59 or down by 12.82 percent compared to the same period last year. Non-oil and gas exports dropped by 9.01 percent to US$51.28 billion.
DIKO OKTARA
