• Bali Export Value Increased 5.72%

    Bali earned foreign exchange amounting to USD443.44 million from shipments of various types of trade to foreign markets during the ten months of January-October 2017. The number increased USD23, 99 million or 5.72 percent compared with the same period the previous year recorded USD419, 44 million.

    “Especially in October 2017 the value of exports reached USD47, 69 million increased USD2, 72 million or 6.05 percent over the previous month (September 2017) recorded USD44, 97 million,” said Head of Distribution Statistics Bali Central Bureau of Statistics (BPS) I Gede Nyoman Subadri, in Denpasar, as quoted from Antara, Wednesday, December 6, 2017.

    He said the foreign exchange was 77 percent derived from shipment of small industry and household handicraft products that became the backbone of non-oil and gas exports. Five major commodities that penetrate the overseas market include fish and shrimp 27.50 percent, and apparel products are not knitted 12.99 percent.

    “Then jewelry products (gems) 12.68 percent, wood products, goods from wood 9.25 percent, and furniture products and home lighting 7.65 percent,” he said.

    I Gede Nyoman Subadri added that various types of products shipped abroad that most penetrate the United States market by 27.11 percent, followed by Australia 9.78 percent, China 9.20 percent, Singapore 7.11 percent and Japan 6, 78 percent.

    “The significant increase of Bali’s export value is influenced by the increase of export value of Vietnam destinations of USD1, 20 million or an increase of 3,195.35 percent,” he said.

    The United States market absorbs most of the apparel commodities, not knitted, jewelry (gems), various types of souvenirs from wood, meat and fish processed, objects of stone and cotton.

    “While China absorbs most fish and shrimp commodities, Australia is home furnishings and Singapore absorbs knit goods and leather goods,” he concluded.

    Sources: http://ekonomi.metrotvnews.com/mikro/9K5RXqlN-nilai-ekspor-bali-meningkat-5-72
    Translated by Aryaputra PandeBIC

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