Indonesia's exports reached a 10-year high of US$21.4 billion in August

Indonesia's exports hit a 10-year high
of $21.
42 billion in August 2021 due to rising export volumes and global commodity prices, according to the Indonesian Bureau of Statistics.

"Exports in August are a new record
for Indonesia.
The country earlier set a record for the highest export of $18.
6 billion in August 2011," BPS head Margo Yuwono said
at a virtual news conference on Wednesday.

The increase in exports in August 2021 was attributed to higher exports and global commodity prices such as palm oil and coal
.
"Volume and price are rising
.
Palm oil and coal prices have risen in the international market," Yuwono said
.

Indonesia's exports in August 2021 increased by 20.
95% compared to July 2021 and 64.
10%
compared to August 2020.

In August 2021, China was Indonesia's largest market for non-oil/non-gas exports, with exports reaching US$4.
78 billion, followed by the United States ($2.
25 billion) and India (US$1.
72 billion),
Yuwono said.

Yuwono added that exports to the three countries accounted for 42.
28%
of Indonesia's exports in August.
Meanwhile, Indonesia's exports to ASEAN and European Union (EU) member states reached US$3.
37 billion and US$1.
63 billion
, respectively.

From January to August 2021, Indonesia's cumulative exports amounted to US$142.
01 billion, a year-on-year increase of 37.
77%.