Tag Archives: trading

CPO, Coal, and Durian Constitute Largest Exports to China: Kadin

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The Indonesian Chamber of Commerce and Industry (Kadin) stated that crude palm oil (CPO), coal, and durian are the top commodities exported to China.


“They are the largest commodities exported to China. First is still CPO and the second is minerals, which is the coal,” Kadin’s Deputy Chairman for Trade Juan Permata Adoe remarked here on Friday.

Adoe noted that in terms of the export of Indonesia’s food and horticultural commodities, durian fruit is the most popular.

He revealed that China has plans to invest in Indonesia’s downstream industry.

“In addition, China is willing to invest in rice farming with technology. This will benefit Indonesia through learning,” he remarked.

Meanwhile, the Indonesian Ministry of Trade expressed optimism that exports to China would increase this year, as the government is optimizing the Two Countries Twin Park (TCTP) cooperation.

China is still Indonesia’s major trading partner, occupying almost a quarter of Indonesia’s total exports.

The Trade Ministry, based on official data from the Statistics Indonesia (BPS), estimated that exports to China last year had reached US$60 billion.

The government is optimistic that the export value to China would reach US$70 billion in 2024.

In addition, the World Trade Organization (WTO) predicted that the global trade volume would increase this year.

Based on this study, the Trade Ministry is upbeat about shipments of goods to China also increasing.

China remains Indonesia’s main trading partner country by contributing almost a quarter of Indonesia’s total exports. The value of exports to China from January to November 2023 reached US$56.57 billion, down about two percent from the previous year.

Industry Minister Discusses I-EU CEPA with French Trade Minister

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Jakarta – Industry Minister Agus Gumiwang Kartasasmita met Minister-Delegate, Foreign Trade, Economic Attractiveness, and French Nationals Abroad, Olivier Becht, to discuss progress of Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) negotiations, deforestation, carbon, and investment opportunities. The meeting took place on the sidelines of Kartasasmita’s working visits to France and Japan on October 2-6, 2023. “We conveyed the importance of collaboration in the I-EU CEPA to accelerate the completion of ongoing negotiations, so that both parties can immediately benefit from the agreement,” he noted in a statement on Thursday. He remarked that since 2016, negotiations on the I-EU CEPA … Continue reading →

Indonesia Reports 40 Consecutive Months of Trade Surplus

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Indonesia has continued its streak of trade surpluses, marking the 40th consecutive month of surplus in August, despite a narrowing trend, according to a report from the Central Statistics Agency (BPS) released on Friday. The trade surplus for August reached $3.12 billion, with total exports amounting to $21.9 billion and imports at $18.8 billion. “Indonesia has maintained a trade surplus for 40 consecutive months,” Acting BPS Head Amalia Adininggar Widyasanti said during a news conference in Jakarta. For the first eight months of the year, the trade surplus amounted to $24.34 billion, a significant drop of $10.55 billion compared to … Continue reading →