Business News
Ministry of Trade Strengthens Swiftlet Nest Exports to China
Indonesia is currently the world's largest producer of edible bird’s nests, with China as its primary export market. In 2024, Indonesia exported bird’s nests worth USD 428 million globally, with nearly 70%—valued at USD 428.79 million—going to China, which imported a total of USD 634.95 million in bird’s nests that…
Cocoa, Coffee, and Sugar Prices Drop Due to U.S. 'Freedom Day' Tariffs
On Friday, cocoa, coffee, and sugar prices dropped as global markets responded to the U.S. "Freedom Day" tariffs imposed by President Donald Trump. The decline followed China’s announcement of retaliatory tariffs on U.S. imports. On Wednesday, Trump implemented a 10% tariff on most imports and levies exceeding 50% on some…
KKP Expands Indonesia's Fishery Export Market to Korea
The Ministry of Marine Affairs and Fisheries (KKP) is expanding Indonesia’s fishery export market to Korea by strengthening trade cooperation and aligning with international standards to support national economic growth. Head of the Agency for Quality Control and Supervision of Marine and Fishery Products, Ishartini, announced that Indonesia has successfully…
Consecutive Trade Surplus Driven by the Agro and Manufacturing Industries
Indonesia’s trade balance continued its positive streak in February 2025, recording a surplus of USD 3.12 billion—marking 58 consecutive months of trade surplus since May 2020. This trend is largely driven by robust performance in the agriculture and manufacturing sectors, with exports growing steadily by 9.16% year-on-year. Agriculture, mining, and…
