W Sumatra Exports in May Reached 122.22 Million US Dollars

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W Sumatra Exports in May Reached 122.22 Million US Dollars

Illustration - Rubber. (cc)

Padang, (Antaranews Sumbar) - West Sumatra Central Bureau of Statistics (BPS) noted that the provincial exports in May 2018 reached 122.22 million US dollars, or it is down 6.71 percent compared to April which reached 131.02 million US dollars.

"The most widely exported goods in May 2018 were 96.57 million US dollars in fats and vegetable oils, rubber and rubber goods of 13.76 million US dollars, and gamma, sulfur, chalked 8.28 million US dollars" Head of West Sumatra Sukardi stated here on Monday.

He said the largest non-oil export destinations in May 2018 were India 24.28 million US dollars, Bangladesh 19.48 million US dollars and Spain 17.87 million US dollars.

Exports to India accounted for 24.93 percent of West Sumatra total exports.

Meanwhile, exports of industrial products in May 2018 decreased by 2.83 percent compared to April.

On the other hand, the import value of West Sumatra in May 2018 reached 36.34 million US dollars or 3.87 percent lower compared to April which reached 37.80 million US dollars.

He remarked the largest group of imported goods in May 2018 are mineral fuel 29.05 million US dollars, dregs, the rest of food industry 4.41 million US dollars, and salt, sulfur, lime 1.26 million US dollars.

Previously, Bank Indonesia considered the need for synergy of all parties to increase exports of West Sumatra, especially due to world economic growth which is increasing and prices of some strategic commodities also improved now.

"Currently West Sumatera exports are still vulnerable because it only depends on two commodities, namely palm oil and rubber. In the future, it needs to be diversified in order to be wider," Head of Bank Indonesia representative of West Sumatra Endy Dwi Tjahjono explained.

He noted that palm oil needs to be done such rejuvenation because many of them are old so that the production decreased and it has limited land. (cha)