According to data released by BPS (Statistical Institute of Indonesia), in 2012 Indonesia made record imports, with a value of 191,000 million USD, an increase of 8.2% compared to the previous year. The Institute also said that import data since 2007 has experienced a spectacular increase in 157%.
It is expected that this figure will remain above 9% in the next few years thanks to the growth of the middle class and its purchasing power, testifying to the excellent state of health of the Asian country's economy.
The record increase in imports in Indonesia in 2012 is mainly due to three factors: firstly, the growth of the productive sectors, which demand intermediate goods (about 73.1% more in 2012) for development; then, the increase in the purchase of foreign capital goods (+20%); finally, the propensity of the local population to buy more and more foreign consumer goods (about 7% more than last year).
On the contrary, Indonesian exports recorded a decrease of 6.64%, reaching the figure of 190,000 million USD: however, exports are expected to grow again in the coming years, although probably only from 2014.
Manlius Urbanus
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