Indonesia is a country with abundant resources of natural and human capital. The country has a huge potential to become a major exporter in various sectors. In 2016, Total Ekspor Indonesia recorded a significant growth compared to the previous year. In this article, we will discuss the details of Total Ekspor Indonesia 2016 and the factors that influenced the growth.
The Overview of Total Ekspor Indonesia 2016
Total Ekspor Indonesia 2016 reached a value of USD 144.43 billion, which is a 3.17% growth compared to 2015. The biggest contributor to the export value was the mining sector, followed by the manufacturing sector, agriculture, and services. The top destinations for Indonesian exports were China, the United States, Japan, and Singapore.
The Factors Influencing the Growth of Total Ekspor Indonesia 2016
Several factors contributed to the growth of Total Ekspor Indonesia in 2016. One of them was the increase in commodity prices. The prices of various commodities such as coal, palm oil, rubber, and tin increased in the global market, which led to an increase in the value of Indonesian exports.
In addition, the government’s effort to improve the business climate and ease the regulations for investors also played a significant role. The government implemented several policies to encourage foreign investment and simplify the export-import procedures, which led to an increase in the number of exporters and the value of exports.
Furthermore, the depreciation of the Indonesian rupiah against the US dollar also contributed to the growth of Total Ekspor Indonesia. The weaker rupiah made Indonesian exports more competitive in the global market, which led to an increase in demand for Indonesian products.
The Major Export Sectors in Total Ekspor Indonesia 2016
The mining sector was the largest contributor to Total Ekspor Indonesia in 2016, with a value of USD 33.05 billion. The sector includes coal, crude oil, natural gas, and minerals. The demand for Indonesian coal increased due to the rising prices and the demand from China and India.
The manufacturing sector was the second-largest contributor, with a value of USD 12.54 billion. The sector includes various products such as textiles, footwear, electronics, and automotive. The demand for Indonesian textiles increased due to the improved quality and competitiveness of Indonesian products in the global market.
The agriculture sector was the third-largest contributor, with a value of USD 10.51 billion. The sector includes products such as palm oil, rubber, coffee, and cocoa. The demand for Indonesian palm oil increased due to the rising prices and the demand from India and China.
The service sector was the fourth-largest contributor, with a value of USD 7.08 billion. The sector includes various services such as tourism, transportation, and telecommunication. The demand for Indonesian tourism increased due to the government’s effort to promote Indonesia as a tourist destination and the improved infrastructure and facilities.
The Top Export Destinations in Total Ekspor Indonesia 2016
China was the largest destination for Indonesian exports in 2016, with a value of USD 16.8 billion. The demand for Indonesian coal and palm oil contributed to the increase in exports to China. The United States was the second-largest destination, with a value of USD 13.2 billion. The demand for Indonesian textiles and electronics contributed to the increase in exports to the United States.
Japan was the third-largest destination, with a value of USD 12.7 billion. The demand for Indonesian coal and automotive contributed to the increase in exports to Japan. Singapore was the fourth-largest destination, with a value of USD 11.8 billion. The demand for Indonesian oil and gas contributed to the increase in exports to Singapore.
The Challenges for Total Ekspor Indonesia in the Future
Although Total Ekspor Indonesia recorded a significant growth in 2016, the country still faces several challenges in the future. One of the challenges is the dependence on commodities. The majority of Indonesian exports are still dominated by commodities, which are vulnerable to the fluctuation of prices in the global market.
In addition, the lack of competitiveness and the low productivity of Indonesian products also hinder the growth of Total Ekspor Indonesia. The country needs to improve the quality of its products and the efficiency of its production process to compete in the global market and attract more foreign investment.
The Conclusion
Total Ekspor Indonesia 2016 recorded a significant growth compared to the previous year, with a value of USD 144.43 billion. The growth was influenced by several factors such as the increase in commodity prices, the improvement of the business climate, and the depreciation of the Indonesian rupiah. The mining sector was the largest contributor, followed by the manufacturing, agriculture, and service sectors. China, the United States, Japan, and Singapore were the top destinations for Indonesian exports.
However, Indonesia still faces several challenges in the future, such as the dependence on commodities and the lack of competitiveness and productivity. The country needs to diversify its exports and improve the quality and efficiency of its products to sustain the growth of Total Ekspor Indonesia.
