Business News
North Sumatra Rubber Exports will reach 26,042 Tons in September 2024
In September 2024, North Sumatra (Sumut) recorded rubber exports of 26,042 tons, a 15.6% increase compared to August's volume of 22,522 tons. According to Edy Irwansyah, Executive Secretary of Gapkindo Sumut, this increase was largely driven by a rising demand from manufacturing sectors, particularly tire factories in the United States.…
Fisheries Trade Balance Surplus Until September 2024
The Ministry of Marine Affairs and Fisheries (KKP) reported a trade surplus in fishery commodities of USD 3.87 billion from January to September 2024, reflecting a 7.2% increase from the same period last year. Export values in this sector reached USD 4.23 billion, driven by significant growth in August when…
Ministry of Trade-OECD Study: Services Sector Key Driver of Indonesia's Economic Growth
The Indonesian Ministry of Trade (Kemendag) has released findings from an in-depth study on Indonesia's services trade. The results indicate that the services sector, including telecommunications, transportation, and finance, will serve as a primary driver of Indonesia's economic growth. The study, titled "Services Trade in Indonesia: Exploring Patterns, Policies, and…
Vaname Shrimp Popular in Egypt, Indonesia Wants to Boost Exports
The Indonesian government aims to boost domestic vaname shrimp exports to the Egyptian market. Indonesia's Ambassador to Egypt, Lutfi Rauf, noted that vaname shrimp is popular among Egyptian consumers. "Egyptian consumers highly appreciate Indonesian seafood, including vaname shrimp, which proves the high quality and competitiveness of our product. This momentum…
