Agriculture Earns Most Rapid Export Growth

The agriculture product becomes the only sector with an increase on export in February 2014. Statistics Indonesia (BPS) recorded that the agriculture product export rose by 5.58%, whereas the industrial and mining products dropped by 0.44% and 24.50%, each.

“In view of the contribution to the entire export, the industrial product export is still dominating with 66.10%, while the agriculture product made 2.88% and mining product reached 13.25%. As for the oil and gas export, it contributed of 17.77%,” said BPS Head Suryamin, Tuesday (4/1).

From the volume, the export in February was 12% lower than the previous month due to the volume declining of non oil and gas export at 13.05%.

Meanwhile, the oil and gas export volume increased by 2.85% compared to the previous month. When it compared to February 2013, the total export volume dropped by 19.69%.

Cumulatively, the export volume also fell by 15.63% compared to the period in January-February 2013, due to the non oil and gas export declining of 16.33%. As for the oil and gas export, it fell by 5.33%.

by Wike Dita Herlinda
source http://business.bisnis.com