JAKARTA, Feb 9 (Reuters) - Indonesia expects exports to rebound 7 percent this year, driven by the global economic recovery, Deputy Trade Minister Mahendra Siregar said on Tuesday.
Total exports are expected to grow 7 percent this year while non-oil exports are expected to grow 7-8.5 percent, Siregar said.
Indonesia's total exports fell 14.98 percent to $116.49 billion in 2009 from 2008, while non-oil exports fell 9.66 percent in 2009 to $97.47 billion as demand for key exports including palm oil and rubber weakened and hit prices, data from the state statistics agency showed.
'Growth of total exports, including non-oil exports, is not much different because the share of oil-gas exports is gradually shrinking,' Siregar told a news conference, referring to similar growth levels for total exports and non-oil exports.
'We are optimistic that non-oil exports will achieve our target of an increase of 7-8.5 percent this year,' Siregar said, noting that a global recovery would spur demand.
Indonesia is a key producer of palm oil, rubber, coffee, coal and nickel.
Officials have said they expect exports of natural resources and resilient demand in the world's fourth-most populous country to continue to drive growth this year.
(Reporting by Telly Nathalia and Sunanda Creagh; Writing by Fitri Wulandari; Editing by Sara Webb)
((fitri.wulandari@thomsonreuters.com; Reuters Messaging: fitri.wulandari.reuters.com@reuters.net; +62 21 384 6364 ext 904)) Keywords: TRADE INDONESIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Total exports are expected to grow 7 percent this year while non-oil exports are expected to grow 7-8.5 percent, Siregar said.
Indonesia's total exports fell 14.98 percent to $116.49 billion in 2009 from 2008, while non-oil exports fell 9.66 percent in 2009 to $97.47 billion as demand for key exports including palm oil and rubber weakened and hit prices, data from the state statistics agency showed.
'Growth of total exports, including non-oil exports, is not much different because the share of oil-gas exports is gradually shrinking,' Siregar told a news conference, referring to similar growth levels for total exports and non-oil exports.
'We are optimistic that non-oil exports will achieve our target of an increase of 7-8.5 percent this year,' Siregar said, noting that a global recovery would spur demand.
Indonesia is a key producer of palm oil, rubber, coffee, coal and nickel.
Officials have said they expect exports of natural resources and resilient demand in the world's fourth-most populous country to continue to drive growth this year.
(Reporting by Telly Nathalia and Sunanda Creagh; Writing by Fitri Wulandari; Editing by Sara Webb)
((fitri.wulandari@thomsonreuters.com; Reuters Messaging: fitri.wulandari.reuters.com@reuters.net; +62 21 384 6364 ext 904)) Keywords: TRADE INDONESIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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