Business News
Indonesia Exports the Most Copper to China
China is currently one of Indonesia's main trading partners, accounting for about a quarter of Indonesia's total exports. Key export products to China include natural gas, coal, and palm oil, along with copper. The Central Statistics Agency (BPS) reported that Indonesia exported 684.35 thousand tons of copper ore to China…
Sandiaga Uno Sets Target for Creative Industry Exports to Reach USD28 Billion
The Ministry of Tourism and Creative Economy (Kemenparekraf) continues to show its commitment to supporting the growth of Indonesia's creative industry. One tangible step towards this is the Apresiasi Kreasi Indonesia (AKI) Exhibition held at Mega Mall, Batam, from August 2-4, 2024. This event successfully attracted local tourists and buyers…
Export of Processed Tuna and Skipjack Products to Japan Exempted from Import Duties
The Indonesian Ministry of Marine Affairs and Fisheries (KKP) announced that processed tuna and skipjack products from Indonesia will now enjoy duty-free access to Japan. Budi Sulistiyo, the Director-General of Marine and Fisheries Product Competitiveness Strengthening (PDSPKP), stated that four tariff lines have been granted a 0% tariff rate. These…
Indonesia Needs to Boost Share of Tradable Goods in National Economy
Indonesia must increase the share of tradable goods in its economy to strengthen exports and generate more foreign currency revenues, according to National Development Planning Minister Suharso Monoarfa. Suharso highlighted that currently, tradable goods—such as manufactured products and commodities—make up less than 50% of the country's economic transactions. In contrast,…
