Tugas 2 Bahasa Inggris Niaga

NAMA: BINTANG FAZZARA
NIM: 041565036
JURUSAN: MANAJEMEN BISNIS
Please read the following situation below. Then, write an essay consi
sting of 3 paragraph.
Elaborate your own opinion with the references related to situation giv
en.
Export and import are two things that are

interrelated. Please explain the condition of export and import in a
country which has a healthy economic condition. You
can also add the examples to support your ideas.
ANSWER:
Indonesia's exports in April 2022 were recorded at USD 27.32 billion, higher than the previous
month and growing by 47.76% (year on year). Both oil and gas and non-oil and gas exports experienced
high growth, namely 48.92% and 47.7% (yoy). "The potential for strengthening export values will
continue to be high in line with the positive trend of commodity prices in the global market which is
expected to continue going forward. This has also been well balanced by consistently strong growth in
non-oil and gas exports. This is clear evidence of improvement in the fundamental economic structure.
The government will continue to make efforts to make these improvements sustainable," said Head of
the Fiscal Policy Agency, Ministry of Finance, Febrio Kacaribu.
Even though the direct impact is estimated to be relatively small for Indonesia's trade
performance, the Government continues to monitor the potential impact of tensions between Russia
and Ukraine, one of which is through the transmission of volume and global commodity prices. On the
one hand, the increase in global commodity prices has had a positive impact on our exports, especially
related to energy, mineral and metal commodities which Indonesia exports in large quantities so as to
maintain the momentum of national economic growth. "Strengthening exports are expected to continue
to support the trade balance surplus so that it continues to have a positive impact on real sector activity.
The increased liquidity obtained from export activities will have a positive impact on domestic
consumption and investment activities, which is expected to maintain the momentum of economic
recovery," continued Febrio. However, the Government will continue to be aware of the indirect impact
of the Russia-Ukraine conflict, both related to the weakening of global economic performance and
related to the increase in commodity prices. Disruption of global trade will suppress the pace of global
economic recovery which is projected to slow down. Meanwhile, the surge in commodity prices,
especially energy and food, will push up domestic inflation. Various efforts have been made by the
Government to maintain price stability and adequate availability of staple food and energy needs,
including providing a policy cushion in the form of cooking oil social assistance for low-income groups.
The quality of Indonesia's exports also continues to be seen. The proof is that the export of the
manufacturing sector as the highest contributing component of non-oil and gas exports continues to
grow consistently, with an annual growth of nearly 30 percent, namely 27.92% (yoy). The manufacturing
sector is a sector that has high added value in the economy, especially in terms of job creation.
Improvements in this sector are monitored in line with employment absorption in February 2022. The
direction of the Government's policy will continue to promote exports with high added value by
downstreaming Indonesia's Natural Resources (SDA). Some examples of these products are iron, steel
and ferronickel as processed minerals which are now starting to support Indonesia's exports with rapid
growth. The Government's natural resources downstream priorities are mining and minerals (nickel
hydrate, iron and steel), CPO (margarine, bath soap), oil and gas and coal (ethylene, propylene, and
others).
Meanwhile, Indonesia's imports in April 2022 were recorded to remain strong, although slightly
slowing from the previous month at USD 19.76 billion, or growing by 21.97% (yoy). On an annual basis,
oil and gas and non-oil and gas imports continued to grow rapidly by 88.48% (yoy) and 12.47% (yoy).
Meanwhile, based on usage, in April 2022, imports of raw/auxiliary materials, capital goods, and
consumption goods still grew positively and strongly by SP – 19 /BKF/2022 Page 2/2 25.51% (yoy),
15.16% ( yoy), and 4.21% (yoy). "The increase in imports of consumer goods indicates the recovery of
people's purchasing power. While the increase in imports of raw materials and capital goods indicates
an increase in industrial activity in the country, one of which is driven by improvements in the domestic
industrial climate. This is also in line with Indonesia's Manufacturing PMI figures which are increasingly
expansive," added Febrio.
Indonesia's export and import performance in April 2022 showed more positive conditions
compared to the same month and period in the previous year. The trade balance surplus in April 2022
was recorded at USD 7.56 billion, an increase compared to the previous month which recorded a surplus
of USD 4.54 billion. This condition continued the surplus trend for 24 consecutive months. In addition,
this surplus is also the highest in history, beating the record in October 2021 which was recorded at USD
5.74 billion.
A high trade balance surplus will have an increasingly positive impact on Indonesia's GDP in the
second quarter of 2022. In addition, this will also support the stability of the Rupiah exchange rate
amidst global risk pressures so that it will cushion Indonesia's economic stability. "When compared to
2021, the direction of strengthening in 2022 is estimated to be much better. This is due to the condition
of a larger trade balance surplus, as well as the pandemic which is increasingly leading to endemic which
reduces mobility barriers, "concluded Febrio.

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Export and import are two things that are

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