Exports continues positive trend, but Gov’t cautions impact of Ukraine war

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Pelabuhan
Indonesia’s export value in April 2022 reached US$27,32 billion. (IO/Rayi Gigih)

Jakarta, IO – Indonesia’s economic structure is showing improvement as exports surged to US$27.32 billion in April, up 47.76% yoy.

“This clearly showed an improvement in the fundamental economic structure. The government will continue making efforts to make it sustainable,” explained Finance Ministry’s Head of Fiscal Policy Agency Febrio Kacaribu, Tuesday (17/5).

He explained that exports value will continue to be high in line with the positive trend in global commodity prices which is expected to last. This is also balanced by the consistently strong growth of non-oil and gas and oil and gas exports which grew 47.7% and 48.92% yoy, respectively.

Nevertheless, Febrio said the Finance Ministry will continue to monitor the impact of the Ukraine war on global commodities prices.