Indonesian factory exports near pre-crisis levels: Gov't
Post Date: 28 Aug 2010 Viewed: 438
A senior official at Indonesia's trade ministry said that the value of major manufactured exports jumped dramatically in the first half of the year, and the full- year totals could equal those seen in 2008, before the global financial crisis sent the world economy into a tailspin, local media reported Friday.
The Trade Ministry said the value of exports of automotive products, electronics, footwear and textiles all soared during the first half, and were expected to keep climbing.
The automotive sector covering cars, trucks, motorcycles and parts grew 47.9 percent year on year, with exports hitting 1.32 billion U.S. dollars.
The sector saw 1.73 billion U.S. Dollars of exports in the whole of last year.
Electronics grew 38 percent in the first half to 4.83 billion U. S. Dollars, compared with 8.68 billion U.S. Dollars for all of last year.
Footwear saw more modest growth of 26.1 percent, with first- half exports reaching 1.17 billion U.S. dollars, compared with 1.74 billion U.S. Dollars in 2009.
Textile exports rose 17.4 percent to 4.95 billion U.S. dollars, compared with a total of 9.26 billion U.S. Dollars last year.