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Indonesia targets exports to China at over 65 billion USD in 2024

The Indonesian Government targets this year’s exports to China at around 65 - 70 billion USD, said Director General of National Export Development at the country’s Ministry of Trade Didi Sumedi.

Jakarta (VNA) – The IndonesianGovernment targets this year’s exports to China at around 65 - 70 billion USD, said Director General of National Export Development at the country’s Ministryof Trade Didi Sumedi.

He saidthat total exports to China during January-November 2023 stood at 56.57billion USD, and the whole year’s value is projected to reach some 60 billionUSD.

If the average export growth is 2.5% in 2024, Indonesia’sshipments to China could be at 65-70 billion USD, the official noted.

Theincreased export target is an effort to improve the performance of exports toChina that experienced a decline last year, compared to the 65.9 billion USD in2022, Sumedi went on, blaming the contraction on a decrease in global commodityprices.

He also highlighted the optimismthat Indonesia’s exports remain strong, and its export competitiveness is stillgood globally, adding the country is hopeful that 2024 will be better.

The Ministry of Trade has prepared severalprogrammes to boost exports to China in 2024, including holding an exhibitionof Indonesian products in several Chinese provinces, according to the DirectorGeneral./.

VNA
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