Friday, February 6, 2009

Indonesia export growth only 1 per cent

indonesia export

The slow-moving of global economy began to drag the Indonesia economy. The Indonesia export growth this year (2009) is estimated to be slowed compared to last year. At first the export growth were predicted 5 percent, but now estimated only 2.5 percent.  In fact he government already calculated, the export growth only 1 percent.

"That's far lower than the export growth last year, which is reaching 9-10 percent," said Minister of Financial position as well as the Coordinating Minister for Economy Sri Mulyani Indrawati in Commission XI Meeting of the House of Representatives in Jakarta on Thursday (5/2/2009). This meetings is about of the macro-economic assumption changes in 2009 budget.

Central Statistics Agency recorded the cumulative export value of period January-December 2008 reached 136.76 billion U.S. dollars. If the export growth predicted is only 2.5 percent, then the export value in 2009 is estimated to be only 3.42 billion U.S. dollars. However, if export growth only 1 percent, the value of exports in 2009 will grow only 1.37 billion U.S. dollars.

According to Sri Mulyani, the slow-moving of export growth in 2009  had calculated based on the realization of export, which continues to go down, starting in October 2008 until January 2009.  "We can expect the estimated exports in January 2009 based on the realization of exports through the Port of Tanjung Priok. We have monitor that our foreign trade volume is decreasing, both volume and value, "she said.

Due to declining export growth, the government must revised the target of economic growth in 2009.  In Budget 2009 the Indonesian economy will grow 6.2 percent. However, at the end of January 2009, the government revised a maximum of 5 percent. But a week after that, the government revised again the target of economic growth to be 4.7 percent.