The increase in the value of oil imports is expected to continue to occur because domestic oil production is unable to meet the requirement that the government must keep buying from abroad.
However, economist Center for Strategic and International Studies (CSIS) Haryo Aswicahyono said the high value of imports of fuel oil causing trade deficits considered reasonable if you look at Indonesia's economic growth above 6%.
"Historically if economic growth above 6% would have followed the deficit caused imports of capital goods. While fuel oil imports surged due to high demand we are, "he said when contacted Haryo Business, Wednesday (2/1).
Based on data from the Central Statistics Agency (BPS), the value of oil imports from January to November 2012 reached U.S. $ 25.9 million, up 0.81% from the same period last year worth U.S. $ 25.7 million.
Meanwhile, imports of capital goods also rose significantly. BPS recorded in January-November 2011 the value of imports reached U.S. $ 29.3 million increase to 7.87% in the same period this year to U.S. $ 35.1 million.
Haryo added a number of middle class in Indonesia, which has a fuel consumption of motor vehicles has also increased. Moreover, fuel prices are still cheap because it was subsidized by the government. Although world oil prices weakened if the volume of rising fuel demand then its value will also be high.
Meanwhile, the high value of capital goods imports is becoming a problem because it can produce products to meet domestic consumption.
However, economist Center for Strategic and International Studies (CSIS) Haryo Aswicahyono said the high value of imports of fuel oil causing trade deficits considered reasonable if you look at Indonesia's economic growth above 6%.
"Historically if economic growth above 6% would have followed the deficit caused imports of capital goods. While fuel oil imports surged due to high demand we are, "he said when contacted Haryo Business, Wednesday (2/1).
Based on data from the Central Statistics Agency (BPS), the value of oil imports from January to November 2012 reached U.S. $ 25.9 million, up 0.81% from the same period last year worth U.S. $ 25.7 million.
Meanwhile, imports of capital goods also rose significantly. BPS recorded in January-November 2011 the value of imports reached U.S. $ 29.3 million increase to 7.87% in the same period this year to U.S. $ 35.1 million.
Haryo added a number of middle class in Indonesia, which has a fuel consumption of motor vehicles has also increased. Moreover, fuel prices are still cheap because it was subsidized by the government. Although world oil prices weakened if the volume of rising fuel demand then its value will also be high.
Meanwhile, the high value of capital goods imports is becoming a problem because it can produce products to meet domestic consumption.
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