North Sumatra`s rubber exports down 20 percent
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North Sumatras rubber exports in the year to August 2016 plunged 20.84 percent compared to the same period last year.
“By August 2016, North Sumatras rubber and rubber product exports fell to US$633.996 million from US$800.864 million in the same period last year,” chief of the production statistic section at the Central Statistics Agency (BPS) office in North Sumatra, Bismark SP Sitinjak said here on Saturday.
The shortfall in foreign exchange earnings was the result of lingering global crisis, leading to low demand for the commodity in the global market. he said.
With the decline, the provinces rubber exports will most likely drop throughout this year compared to a year earlier, he said.
Questions & Answers
Q.What was the total value of North Sumatra's rubber exports by August 2016?
What was the total value of North Sumatra's rubber exports by August 2016?
By August 2016, North Sumatra's rubber and rubber product exports totalled US$633.996 million. This figure represents a significant drop from the US$800.864 million recorded in the same period of the previous year.
Q.What is the primary reason for the decline in North Sumatra's rubber exports?
What is the primary reason for the decline in North Sumatra's rubber exports?
The shortfall in foreign exchange earnings from rubber exports is attributed to a lingering global crisis. This crisis has resulted in low demand for the commodity in the global market, impacting the province's trade performance.
Q.Which specific period is covered by the reported export decline?
Which specific period is covered by the reported export decline?
The reported export decline covers the year to August 2016, comparing it to the same period in the previous year. This shows a consistent trend within that timeframe.
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