Business News
Indonesia's Trade Balance Surplus in 2024 Hits USD 28.86 Billion
Indonesia achieved a monthly trade balance surplus of USD 4.42 billion in November 2024, marking the 55th consecutive surplus since May 2020. According to Trade Minister Budi Santoso, the November surplus included a USD 5.67 billion non-oil and gas (nonmigas) surplus, offset by a USD 1.25 billion oil and gas…
Indonesia's Halal Product Exports Reach IDR 673.90 Trillion, Highlighting Global Trade Potential
Indonesia recorded halal product exports amounting to USD 41.42 billion (equivalent to IDR 673.90 trillion) from January to October 2024, with a trade surplus of USD 29.09 billion during the same period. This achievement was highlighted during a media briefing and talk show titled Indonesia’s Halal Product Exports held at…
Indonesia Implements Container Scanners at Tanjung Priok Port to Boost Trade Efficiency
The Directorate General of Customs and Excise (DJBC), under Indonesia’s Ministry of Finance, officially launched container scanning equipment for export-import goods at Jakarta’s Tanjung Priok Port in December 2024. This initiative aligns with the government’s goal to combat smuggling, enhance trade transparency, and improve port governance under Presidential Vision 7.…
Indonesia's Automotive Market and Vehicle Exports Predicted to Grow in 2025
Indonesia's automotive market is projected to experience significant growth in 2025, driven by both domestic demand and expanding export activities, according to Puji Agus Kurniawan, Director of Production Balance at Statistics Indonesia (BPS). Despite challenges, such as the planned increase in VAT to 12% and additional regional taxes in early…
