Even in the Covid-19 Pandemic, Foreign Exchange of Palm Oil Reached USD 5.3 Billion

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The Indonesian palm oil industry once again established itself as an economic savior even during the Covid-19 onslaught. Based on data from the Central Bureau of Statistics (Badan Pusat Statistik/BPS), the export value of palm oil and it’s derivatives products in January-March or TW-1/2020 has accumulatively reached USD 5.3 billion. The export value has increased about 9.6 percent from the same period last year.

 

Covid-19

The main contributor to the export value is exports to India, which has increased about 58 percent compared to last year. The value of palm oil exports to the European Union and the United States of America also recorded positive growth. Meanwhile, the export value of palm oil products to China has decreased by 36 percent due to the sting of Covid-19 since December 2019.

The export foreign exchange generated by palm oil and its derivative products made Indonesia’s trade balance of TW1/2020 relish a surplus of USD 2.6 billion.

If there were no oil palm exports, Indonesia’s trade balance in that period would have a deficit of USD 2.7 billion. Fortunately there are palm oil exports, so that Indonesia’s trade balance continues to relish a surplus. Once again, the foreign exchange contribution shows how important the palm oil industry is as saving the national trade balance even in the difficult times like in the current Covid-19 pandemic.

The palm oil’s foreign exchange is needed to add to the “fresh blood” of the Indonesian economy, which is suffering from “anemia” due to COVID-19. With a rupiah exchange rate of around Rp.15000, the palm oil foreign exchange of USD 5.3 billion is equivalent to Rp. 80 trillion. The foreign exchange generated by the palm oil and it’s derivatives is slightly larger than the health fund that spent by the government to resolve the Covid-19 pandemic in Indonesia, which is around Rp.75 trillion. The results of the palm oil foreign exchange from January to March 2020 are economically able to finance the Covid-19 treatment intervention program in Indonesia.

 

 

Dr. Tungkot Sipayung,

Executive Director

Industri sawit Indonesia kembali mengukuhkan dirinya sebagai penyelamat ekonomi meski di masa gempuran Covid-19. Berdasarkan data Badan Pusat Statistik, nilai ekspor minyak sawit dan produk turunannya secara akumulatif pada bulan Januari-Maret atau TW-1/2020 telah mencapai USD 5.3 milyar. Nilai ekspor tersebut mengalami kenaikan sekitar 9.6 persen dari periode sama tahun lalu.

Kontributor utama nilai ekspor tersebut adalah ekspor ke India yang mengalami peningkatan sekitar 58 persen dibanding tahun lalu. Nilai ekspor sawit ke Uni Eropa dan Amerika Serikat juga  masih mencatat  pertumbuhan positif.  Sementara itu, nilai ekspor sawit ke China mengalami penurunan sebesar 36 persen akibat sengatan Covid-19  sejak  Desember 2019.

Devisa ekspor yang dihasilkan oleh minyak sawit dan produk turunannya tersebut membuat neraca perdagangan Indonesia pada TW1/2020 menikmati surplus USD 2.6 miliar.

Seandainya tidak ada ekspor sawit, neraca perdagangan Indonesia pada periode tersebut akan  mengalami defisit sebesar USD 2.7 milyar. Untunglah ada ekspor sawit, sehingga neraca perdagangan Indonesia tetap menikmati surplus. Sekali lagi, dengan kontribusi devisa tersebut menunjukkan betapa pentingnya industri sawit sebagai penyelamatan neraca perdagangan nasional meski di tengah masa sulit seperti pandemi Covid-19 saat ini.

Devisa hasil ekspor sawit tersebut sangat diperlukan untuk menambah “darah segar”  bagi perekonomian Indonesia yang menderita “anemia” akibat Covid-19. Dengan kurs rupiah sekitar  Rp 15 ribu, devisa sawit sebesar USD 5.3 milyar tersebut setara dengan Rp 80 trilyun. Devisa yang dihasilkan oleh minyak sawit dan produk turunannya tersebut sedikit lebih besar dari anggaran kesehatan yang dikeluarkan pemerintah untuk mengatasi pandemi Covid-19 di Indonesia yakni sekitar Rp 75 trilyun. Hasil devisa sawit selama Januari- Maret 2020 tersebut secara ekonomi mampu membiayai program  intervensi penanganan  Covid-19 di Indonesia.

 

 

Dr. Tungkot Sipayung,

Direktur Eksekutif PASPI

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