Component export’s turnover dropped 25%

The Investor Daily-October 23, 2008 Januar F Rustandie, senior industry advisor Senada, predicted that the Indonesian automotive components export would drop 25% next year, from US$1.375 billion to US$1.16 billion. The weakening automotive market in some countries would be main factor influencing this sector. Januar further elaborated that automotive component exports during 2002-2007 indicated the positive performance with average growth 24% per year. In 2002, Indonesian export component only earned US$352 million, and it soared in 2007 becoming US$1.1 billion.