Indonesia forecasts that non-oil-and-gas exports will ease to between 4.3 percent to 8 percent this year due to global recession, Trade Minister Mari Elka Pangestu said here Tuesday.
The routs on the global economy has sapped demand and slumped prices of Indonesia's export products, including textile coal, palm oil, rubber and fabricated goods.
Indonesia is the world's biggest palm oil producer and the world's second biggest rubber maker.
Previously acting coordinating Minister Sri Mulyani Indrawati said that the country's exports of oil-and-gas and non-oil and gas products will fall to the range of 6 percent to 7 percent, far below the exports percentages in the last four years, which grew more than 13 percent.
Indonesia's overseas sales in 2007, 2006, 2005 and 2004 respectively grew by 13.20 percent, 17.67 percent, 19.66 percent and 17.29 percent, according to the statistic agency.
The country's export in November decreased by 2.36 percent to 9.01 billion U.S. dollars compared to the same period in 2007, the agency said.
Source: Xinhua
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