Big Import Bill Shows Upbeat Economy

DENPASAR

New figures out this week show a booming import economy with the monetary value of Bali’s imports in the second quarter of 2010 up 242.34 percent to US$136.91 million from $39.99 million in the same period last year.

And they were up 207.35 percent on the first quarter, according to head of the Bali office of the Central Board of Statistics (BPS), Ida Komang Wisnu.

Most imports were production goods, with much of the quarter’s significant lift accounted for by ships and floating constructions, which were 53 percent of total imports.

Other imports included machines (13.29 percent), electrical appliances (7.96) and jewellery (6.02). They were imported from Britain, Singapore, Belgium, Norway and China.

Exports also rose, totalling $181 million in the non-oil/non-gas sector in the first four months of 2010, up 22 percent on the same period last year.

Most non-tourist foreign-exchange earnings came from the small-scale industry and handcraft industry, according to Bali Trade Department official Putu Bagiada this week. The US, Japan, France and Italy were the biggest customers.

But because of the global downturn exports were down 9.2 percent in 2009, to $502 million, against nearly $554 million in 2008.

Meanwhile, another side of Bali’s tourism boom came to light in the latest statistics: The number of Singaporean visitors soared by more than 55 percent in first half of 2010, to 41,483 from 26,702 in the same period last year, contributing 3.52 of all tourist arrivals and winning the city-state eighth spot in Bali’s top 10 tourism markets.

Total foreign tourist arrivals increased 10.23 percent.

And in other good news, Bali hotels recorded an average occupancy rate of 64.56 percent in June, up 4.17 percent on May.

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