The Minister of Trade (Mendag) Agus Suparmanto reported that the implementation of the 35th Virtual Exhibition (TEI-VE) 2020 virtual trade fair which ended the virtual showcase on Thursday (10/12/2020) yesterday succeeded in recording the total transaction value prospective amounting to USD 1.2 billion. The transaction value is an achievement recorded as of December 10, 2020 at 13.25 WIB, and has exceeded the target set of USD 1 billion. Minister of Trade Agus said that the TEI 2020 event had run smoothly until the virtual showcase ended on Thursday. "During the running of TEI this time, there are indeed several challenges faced, both in terms of exhibitors, exporters and buyers. Including TEI organizers. However, this does not discourage us from continuing to increase exports during the current pandemic," he said in a teleconference session. , Friday (11/12/2020). He explained that during its implementation, the 35th TEI successfully presented 690 exhibitors or successful business actors and as many as 7,459 buyers. These buyers included 3,352 buyers from 127 trading partner countries and 4,107 local buyers.
The Minister of Trade Agus further detailed that the total prospective transactions of USD 1.2 billion that were achieved consisted of goods and services transactions, as well as investments. Goods and services transactions were recorded at USD 1.1 billion, covering the MoU value for goods and services USD 967.13 million, consisting of trade in goods amounting to USD 941.13 million and services (skilled migrant workers) USD 26.00 million; Other transactions included daily transactions that reached USD 124.75 million, and business matching at USD 435.28 thousand. Meanwhile, investment transactions recorded a value of USD 110 million with two countries, namely Japan at USD 100 million for the palm oil mill effluents-POME, and Egypt at USD 10 million for the joint venture factory.
The 15 largest countries that made transactions on the 35th TEI were China worth USD 505.01 million, Japan USD 224.20 million, Egypt USD 147.20 million, Australia USD 95.42 million, Malaysia USD 21.40 million, the Netherlands USD 19.34 million.
Then the Philippines with USD 16.01 million, Germany USD 14.78 million, the United States USD 10.62 million, India USD 9.49 million, Taiwan USD 6.87 million, Brazil valued at USD 5.77 million, South Korea valued at USD 4 , 00 million, Singapore with USD 3.73 million, and Hong Kong with USD 2.00 million.
Meanwhile, the 15 export products that recorded the largest transactions during the 35th TEI included palm oil products USD 362.95 million (33.23 percent), paper and paper products USD 244 million (22.34 percent), food and beverages in USD packaging. 157.55 million (14.42 percent), coffee products USD 78.14 million (7.15 percent). Then vehicle products and spare parts USD 52.36 million (4.79 percent), strategic industries USD 50.01 million (4.58 percent), cooking spices and spices USD 25.25 million (2.31 percent), wood products light weight USD 11.47 million (1.05 percent), wood furniture USD 9.77 million (0.91 percent), fishery products USD 9.24 million (0.85 percent).
Furthermore, household furniture is USD 9.22 million (0.84 percent), spices USD 9 million (0.82 percent), rattan furniture USD 8.22 million (0.75 percent); footwear USD 7 million (0.64 percent), and wood and stone handicrafts USD 6 million (0.55 percent). "Hopefully these good results can increase in the future to increase non-oil and gas exports and balance Indonesia's trade balance," said Trade Minister Agus.
