NAMA : RAHMAT RAMADHANI

NIM : 050448132
BAHASA INGGRIS NIAGA.

Indonesia's exports in April 2022 were recorded at USD 27.32 billion, higher than the
previous month and growing by 47.76% (year on year). Both oil and gas and non-oil and gas
exports experienced high growth, namely 48.92% and 47.7% (yoy). "The potential for
strengthening export values will continue to be high in line with the positive trend of
commodity prices in the global market which is expected to continue going forward. This has
also been well balanced by consistentlystrong growth in non-oil and gas exports. This is clear
evidence of improvement in the fundamental economic structure. The government will
continue to make efforts to make these improvements sustainable," said Head of the Fiscal
Policy Agency, Ministry of Finance, Febrio Kacaribu.

Even though the direct impact is estimated to be relatively small for Indonesia's trade
performance, the Government continues to monitor the potential impact of tensions between
Russiaand Ukraine, one of which is through the transmission of volume and global
commodity prices. On the one hand, the increase in global commodity prices has had a
positive impact on our exports, especially related to energy, mineral and metal commodities
which Indonesia exports in large quantities so as to maintain the momentum of national
economic growth. "Strengthening exports are expected to continue to support the trade
balance surplus so that it continues to have a positive impact on real sector activity. The
increased liquidity obtained from export activities will have a positive impact on domestic
consumption and investment activities, which is expected to maintain the momentum of
economic recovery," continued Febrio. However, the Government will continue to be aware
of the indirect impact of the Russia-Ukraine conflict, both related to the weakening of global
economic performance and related to the increase in commodity prices. Disruption of global
trade will suppress the pace of global economic recovery which is projected to slow down.
Meanwhile, the surge in commodity prices, especially energy and food, will push up
domestic inflation. Various efforts have been made by the Government to maintain price
stability and adequate availability of staple food and energy needs, including providing a
policy cushion in the form of cooking oil social assistance for low-income groups.

The quality of Indonesia's exports also continues to be seen. The proof is that the export
of the manufacturing sector as the highest contributing component of non-oil and gas exports
continues to grow consistently, with an annual growth of nearly 30 percent, namely 27.92%
(yoy). The manufacturing sector is a sector that has high added value in the economy,
especially in terms ofjob creation. Improvements in this sector are monitored in line with
employment absorption in February 2022. The Government's policy direction will continue to
promote exports with high added value by downstreaming Indonesia's Natural Resources
(SDA). Some examples of these products are iron, steel and ferronickel as processed minerals
which are now starting to support Indonesia's exports with rapid growth. The Government's
natural resources downstream priorities are mining