Jakarta sees drop in gas, non-oil exports.
Indonesia's trade minister said export volumes for non-oil and gas are set to fall 20-30 per cent this year from last year as global trade slows.
Earlier this month, Trade Minister Mari Pangestu Mari Elka Pangestu is the Minister of Trade of Indonesia. She is the first female Indonesian Chinese to hold a cabinet position in Indonesia.
She was born in Jakarta on October 23, 1956. said Indonesia's non-oil and gas export growth target had been revised to below 4.3 per cent for this year. Yesterday she said the outlook was worse, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a report in our sister newspaper Gulf Daily News.
'Based on container flow for January-February, exports volume this year may decline by between 20 to 30 per cent.
Non-oil and gas exports are expected to fall,' Pangestu said.
She said that exports of automotive products and electronics would be worst hit.
Car exports through the Jakarta International Container Terminal A container terminal is a facility where cargo containers are transhipped between different transport vehicles, for onward transportation. The transhipment may be between ships and land vehicles, for example trains or trucks, in which case the terminal is described as a , the country's largest shipping terminal, fell to 9,391 units last month, from 13,000 units in December last year, Pangestu said, representing a decline of about 27 per cent.
Earlier this week, Pangestu said that growth in total exports would slow to just 1-2.5 per cent this year, from about 20 per cent last year. The government had previously forecast total exports would grow 5 per cent this year.
The government has proposed a 71.3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time.
(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed.
In the USA and Canada, 10^12. rupiah ru·pi·ah
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[Hindi rupay, rupiy ($6.1 billion) fiscal stimulus package to counter the effects of a global economic slowdown For articles with similar titles, see Slow Down (disambiguation).
A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. , and expects economic growth to slow to between four and 5 per cent, from an estimated 6.2 per cent last year.
While Indonesia's economy is less dependent on exports than some other Asian countries Noun 1. Asian country - any one of the nations occupying the Asian continent
country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" , millions of Indonesians are employed in export-related sectors and the prospect of big job losses is a concern for the government ahead of general election.
Indonesian exports include palm oil, tin, coal, copper, and rubber, and prices for many of these commodities have slumped.
Indonesia reported that exports fell 20.6 per cent to $8.69 billion in December from a year ago, the biggest drop in seven years.
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