Jakarta (Antara Bali) - The trade between Indonesia and the US reached US$28 billion in 2013, up 7.6 percent from the previous year, with Indonesia enjoying a trade surplus of around US$10 billion, stated Deputy Trade Minister Bayu Krisnamurthi.
He noted that during the year 2013, Indonesia's exports to the US reached US$19 billion, which is up 4.9 percent compared to the previous year, while its imports were recorded at around US$9 billion.
"Indonesia enjoyed a trade surplus of around US$10 billion," he pointed out.
He emphasized that Indonesia's exports to the US were dominated by non-oil/gas products reaching US$18 billion, with five of them recording positive growth.
The five products that recorded positive growth included textile products that grew five percent, electronic machinery growing 2.3 percent, footwear 22.8 percent, and fish and marine products 14.4 percent.
"What makes it even more interesting is that the vegetable oil exports, including palm oil, have recorded an extraordinary growth of up to US$310 million," Bayu explained.
He stated Indonesia is optimistic that in the future, its exports to the US will increase as the American economy is moving in a positive direction.
Based on the data received from the US Department of Commerce, four Indonesian products, whose exports surpassed US$1 billion and recorded a positive growth, were woven garments worth US$2.25 billion up by 5.94 percent, electronic equipment worth US$1.58 billion up by 2.34 percent, footwear worth US$1.15 billion, and fish and seafood recorded at US$1.03 billion.
During 2013, the total ASEAN trade with the US was recorded at US$205.95 billion up by 3.84 percent, with Singapore emerging as the biggest trade partner at US$48.55 billion down by 4.35 percent, followed by Malaysia at US$40.29 billion up by 3.91 percent, Thailand at US$37.99 billion up by 2.7 percent, and Vietnam at US$29.66 billion up by 19.17 percent.
Indonesia was ranked fifth among the ten members of the association. (*/DWA)
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