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Indonesia’s exports to grow 4.1 percent in 2014

The Indonesian Ministry of Trade predicts that the country’s export turnover will increase by 4.1 percent to 190 billion USD in 2014 due to a hike in non-oil and gas shipments overseas.
The Indonesian Ministry of Trade predicts that the country’s exportturnover will increase by 4.1 percent to 190 billion USD in 2014 due to ahike in non-oil and gas shipments overseas.

According to the ministry, the non-oil and gas export value will enjoyan estimated rise of 5.5 to 6.5 percent, reaching 159 billion USD thisyear.

Trade Minister Muhammad Lutfi said thathis ministry has designed strategies, including activities to promoteand increase competitiveness, in order to boost the country’s exports.

Indonesia, the biggest economy in SoutheastAsia, is the world's largest exporter of palm oil, the world's thirdbiggest exporter of rubber and cocoa, and home to the world’ssecond-biggest copper mine.

Last year, its exportturnover saw a year-on-year decline of 3.92 percent to 182.5 billionUSD. Meanwhile, its imports also fell by 2.64 percent to 186.6 billionUSD.-VNA
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