Jakarta (ANTARA News) - The Central Board of Statistics (BPS) said Indonesia`s exports in the first quarter of 2008 increased 31.34 percent which was attributable to the upward trend of world crude prices since early this year.
"Actually, the oil and gas exports had been increasing most rapidly as they were directly linked with world oil prices which continued to go up," BPS Head Rusman Heriawan said here on Friday.
He said that from the export aspect there was a windfall in the gas and oil sectors but because Indonesia`s gas and oil imports were higher than its exports, it caused a lot of problems with the state budget.
The BPS also recorded a 41.70 percent increase in agricultural product exports in the first quarter of 2008. Industrial product exports also increased 30.48 percent from 10.02 percent in the same period a year earlier.
"Indonesia`s natural resource-based exports will continue to increase as long as the oil price also continue to go up," he said.
Indonesia`s exports in March 2008 were worth US$11.90 billion. It rose 12.96 percent from the previous month and compared with March in the previous year it rose 31.24 percent.
Non oil exports in March 2008 were estimated at 9.14 billion dollars, up 12.09 percent compared with those in February 2008, or an increase of 21.99 percent if compared with that in March in the previous year.
The BPS chairman said Indonesia`s non oil exports in the first quarter were dominated by crude palm oil (CPO) which rose 47 percent compared with the same period in the previous year.
He said that Indonesia`s imports in March were worth US$10.01, up 3.96 percent from that in February.
Indonesia`s non oil and gas exports in March were US$7.60 billion (75.92 percent,) and oil and gas imports US$2.41 billion (24.08 percent).
The total value of the country`s imports in the first quarter of this year was US$29.24 billion with machinery and electrical appliances being the biggest ones worth US$3.29 billion or 14.70 percent of the total imports.
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