Manufacturing Still Accounts for Lion’s Share of Exports: Industry Minister
By : Nata Kesuma | Friday, February 16 2024 - 09:56 IWST

Minister of Industry Agus Gumiwang Kartasasmita (Photo by: Documentation of Cabinet Secretariat)
INDUSTRY.co.id - Jakarta, Indonesia's Industry Minister Agus Gumiwang Kartasasmita has said that the manufacturing industry still accounts for the highest share of national exports.
This, according to the minister, reflected in the industry’s contribution to the national economy in 2023, which reached US$186.98 billion, or 72.24 percent of the total exports.
“Our industry remains aggressive in expanding its export market. This shows that our manufacturing products already have competitiveness so that they are acknowledged by the world,” Kartasasmita said in a written statement received here on Thursday.
Based on the trends charted from 2019 to 2022, the manufacturing industry has continued to experience a significant increase, he pointed out.
He said that a surge in surplus was recorded in 2022, with manufacturing exports contributing US$206.06 billion — higher than US$177.20 billion the previous year.
Meanwhile, in 2019, the manufacturing industry contributed US$127.38 billion, and in 2020, the figure rose to US$131.09 billion.
The Industry Ministry is optimistic that the contribution of the manufacturing industry will climb to US$193.4 billion in 2024.
Related news: Mining benchmark prices increased in February 2024 period: ministry
"For 2024, we are targeting US$193.4 billion. We are optimistic that it can be achieved," the minister affirmed.
He then underlined the need for adaptive, responsive, and collaborative strategies to achieve the target. They include efforts carried out through the National Export Improvement Task Force formed by President Joko Widodo (Jokowi) in 2023.
According to Kartasasmita, the task force has been tasked with developing export resources and industry as well as deciding the strategy to improve the role of exports of micro, small, and medium enterprises by integrating them into the national export provider ecosystem.
He said that his ministry continues to be committed to advancing industrial downstreaming to improve the national economy.
"Industrial downstreamng is key to make Indonesia a developed country, which is also in accordance with the 2045 Golden Indonesia vision," he added. (Source en.antaranews.com)
Read Also
Cipta Perdana Lancar Ready to Expand and Diversify for Sustainable…
Electric Cars are Indonesian Automotive Industry’s Future, President…
Minister of Industry Agus Optimistic 2024 Indonesia's Manufacturing…
DRMA Again Records Increase in Net Profit Up to Double Compared to…
Buy ASLC Shares, Get the Largest Vehicle Auction Business in Indonesia,…
Today's Industry

Rabu, 22 Januari 2025 - 12:53 WIB
MICE Activities at JCC Halted, PT GSP Continues Legal Process
PT Graha Sidang Pratama (PT GSP), the investor and manager of the Jakarta Convention Center (JCC), revealed that the company is currently unable to run Meeting, Incentive, Convention and Exhibition…

Sabtu, 14 September 2024 - 16:56 WIB
Essential Tips for Choosing Personal Health Insurance in the US
Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Sabtu, 14 September 2024 - 16:53 WIB
The Top 10 Insurance Companies in the US for 2024
In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Jumat, 13 September 2024 - 15:37 WIB
Why Airbnb Become Popular in 2024?
Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Kamis, 15 Agustus 2024 - 14:26 WIB
Modena Officially Becomes a Member of the UN Global Compact
Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…
News Comment