JAKARTA (Vietnam News/ANN): The Indonesian Government targets this year’s exports to China at around US$65 - 70 billion, said Director General of National Export Development at the country’s Ministry of Trade Didi Sumedi.
He said that total exports to China during January-November 2023 stood at US$56.57 billion, and the whole year’s value is projected to reach some 60 billion USD.
If the average export growth is 2.5% in 2024, Indonesia’s shipments to China could be at US$65-70 billion, the official noted.
The increased export target is an effort to improve the performance of exports to China that experienced a decline last year, compared to the US$65.9 billion in 2022, Sumedi went on, blaming the contraction on a decrease in global commodity prices.
He also highlighted the optimism that Indonesia’s exports remain strong, and its export competitiveness is still good globally, adding the country is hopeful that 2024 will be better.
The Ministry of Trade has prepared several programmes to boost exports to China in 2024, including holding an exhibition of Indonesian products in several Chinese provinces, according to the Director General. - Vietnam News/ANN
