Bali handicraft and wood products, primarily composed of carved statues, generated US$13.84 million in export earnings during the first three months of 2013.
This represents a 10.89% increase in export earnings from the same sectors in Q1 2012.
According to Dwi Pranoto of the Bali branch of Bank Indonesia, something of a recovery in handicrafts may be underway as the Q1 2012 export figures were 6.09% ahead of Q1 2011. The stronger rate of growth in Q1 2013 fuels views that a slow-paced recovery may be underway in the handicraft sector.
According to Bank Indonesia, exports of handicrafts remain sluggish due to weak demand from European and U.S. markets.
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