Manufacture, agricultural exports are strong as coal transport ceases - economy

Xports from the manufacturing and agriculture sectors in Indonesia have registered a strong increase due to a considerable impulse from the gross palm oil (CPO) and the machines, but the mining industry has undergone an accentuated annual decrease.

Indonesia statistics (BPS), Amalia Adininggar Widyasanti, revealed in a press briefing that exports in the manufacturing sector increased to $ 17.6 billion in February, from $ 13.62 billion per year.

This represents a growth rate of 29.5 percent from year to year (YOY) and an increase of 3.1 percent from month to month (MTM) from $ 17.1 billion in January.

Palm oil products, cars and jewelry were “the goods that pushed exports from the production sector”, explained Amalia, with 84.1 percent, 92 percent and 113 percent YOY rates.

Representing 11 percent of the Pie with the value of the export in February, CPO deliveries and its derivatives have been up to $ 2.27 billion, almost doubled from $ 1.2 billion registered in the same month and 58 % higher than $ 1.44 billion registered in January.

The price of CPO from January of $ 1,134 per ton was slightly higher than $ 1,101 last month, but the archipelago was sent almost twice as much, according to the Statistics Agency.

The price of the goods was on an ascending trend of November due in part to provide constraints as a result of smaller production in Malaysia, brought by floods that caused locking and harvesting delays.

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