The Indonesian Ministry of Trade predicts that the country’s export turnover will increase by 4.1 percent to 190 billion USD in 2014 due to a hike in non-oil and gas shipments overseas.
According to the ministry, the non-oil and gas export value will enjoy an estimated rise of 5.5 to 6.5 percent, reaching 159 billion USD this year.
Trade Minister Muhammad Lutfi said that his ministry has designed strategies, including activities to promote and increase competitiveness, in order to boost the country’s exports.
Indonesia, the biggest economy in Southeast Asia, is the world’s largest exporter of palm oil, the world’s third biggest exporter of rubber and cocoa, and home to the world’s second-biggest copper mine.
Last year, its export turnover saw a year-on-year decline of 3.92 percent to 182.5 billion USD. Meanwhile, its imports also fell by 2.64 percent to 186.6 billion USD.-VNA
Đăng ký: VietNam News
