Business News
Shrimp Farming Remains a Leading Sector in Indonesia's Aquaculture Industry
Shrimp exports account for 34.5% of Indonesia's total fisheries exports. According to the Food and Agriculture Organization (FAO) data from 2023, Indonesia ranks among the world's largest shrimp producers, standing as the fourth-largest shrimp exporter globally with a 6.6% share of total global shrimp exports in 2022. The Ministry of…
Indonesia Dominates Global Gambir Market, Exporting to India and Europe
Indonesia stands as the largest exporter of gambir globally, commanding an impressive 80% share of the world market. The primary export destinations include India, followed by Japan, China, Pakistan, and several European countries. Notably, Indonesia accounts for 50% of the gambir market in India. In 2022, the country’s export value…
Fishery Trade Balance January-August 2024 Surplus US$ 3.41 Billion
The Ministry of Maritime Affairs and Fisheries (KKP) in Indonesia reported a trade surplus in the fisheries sector from January to August 2024, amounting to USD 3.41 billion. Despite importing some fishery commodities, Indonesia maintained its status as a net exporter of fishery products. The Director General of Strengthening the…
Export-Oriented Horticulture Development
The Indonesian government is actively promoting the development of competitive regional economies and improving the welfare of farmers by initiating a program for export-oriented horticulture development. This program includes the development of Cavendish bananas for both domestic consumption and export, as well as the processing of fruits and vegetables using…
