Global Finance Radio

Imports of capital goods, raw materials / auxiliary, and consumer goods have increased substantially during the first quarter in 2010. Than the same period the previous year, imports of capital goods increased by 46.67%, imports of raw materials / auxiliary increased by 64.36% and imports of consumption goods increased by 68.88%.

Mahendra Siregar, Deputy Minister of Trade said the increased demand for imported raw materials / supplies and capital goods are a reflection of the national industry conditions improve.

“Increased imports of goods both groups were consistent with the increasing realization of the investment in the first quarter of 2010 increased by 24.6% to reach USD 42.1 trillion,” he said in a press conference of Trade performance in 2010, the Commerce Department building, Friday (4 / 6) .

Mahendra explained, imports increased by 0.6% April 2010 if compared to the previous month. The increase was driven strengthening import all classes of goods, while raw materials / auxiliary continued to dominate the structure of imports followed by capital goods and consumer goods.

“During January-April 2010, imports of raw materials reached 72.7% of the total, while approximately 19.8% of capital goods and consumer goods of about 7.5%,” he said.

The high import content of manufacturing, according to Mahendra, a very determined performance of the sector. In addition, consumers also consider domestic competitiveness, including economic factors in finding the source of the product. In addition, he continued,

there was a shift of import origin countries, especially Japan. He gave an example, today the majority of textile machines were imported from China. It’s also because a number of capital goods manufacturers move their production bases to the country.

Head of Research and thresholded Industru (BPPI) Dedi Mulyadi said, because the contribution of rising imports fueled the growth of national industries to 2.5-fold during the first quarter of 2010. Dedi rate, this growth is remarkable considering spelled sluggish performance of the national industry in the last year.

“Growth this year was fantastic, from about 1% last year, so four% this year. We must see the positive side, the industry requires raw materials which many are not all here,” he said.

The high import, he added, could impact on foreign reserves. Structure in order to remain healthy, he said, export performance should be encouraged in order to offset the import.

Dedi was also claimed the export-oriented industries can grow higher than the national average, which is around 5%. However, it did not rule, the transfer of raw materials from domestic sources to import by a local manufacturer to hoist the rate of imports.

“Only then, should be explored in greater depth, until the five-digit HS,” he explained.

Ministry of Commerce noted, the industrial sector’s exports increased by 36.66% or U.S. $ 28.7 million During January-April 2010 compared to same period previous year.(MI)

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