Trade between S’pore, Indonesia up
Singapore, July 21:
Singapore said today bilateral trade with Indonesia in the second quarter rose by 7.8 per cent from the previous quarter to reach $4.97. The city-state only began making bilateral trade data with Jakarta public in 2004, ending a decades-old policy of keeping secret its trade figures with its Southeast Asian neighbour. Data with Indonesia is now disseminated, one of International Enterprise Singapore’s few individual country releases. In the April-June quarter,
Singapore exported $2.27 billion worth of goods while imports from Indonesia amounted to $2.69 billion. Among the major imports from Indonesia were refined petroleum products, data processing machine parts and electrical circuits. Key exports from Singapore included petroleum products, telecommunications equipment and electrical generators, the government
agency for international trade data said.