Thursday, 17 February 2022 03:04

Manufacturing Industry Export Performance Rose 31% at the Beginning of the Year

At the beginning of the year, the manufacturing industry's export performance reached USD 15.71 billion, an increase of 31.16% over the same period last year, where the industrial sector consistently contributed the most to the achievement of the national export value. “Exports in January 2022 mark a steady improvement in performance and are getting better. We believe that exports from the manufacturing sector in the following months will continue to increase, even though the COVID-19 pandemic is still happening," said Industry Minister Agus Gumiwang Kartasasmita in a statement in Jakarta, Tuesday. According to a report from the Central Statistics Agency (BPS), the industrial sector contributed 82% to the national export structure at the beginning of the year of the water tiger. In January 2022, total national exports reached USD 19.16 billion, or an increase of 25.31% compared to January 2021 (y-o-y). Meanwhile, the non-oil and gas sector contributed up to 95.30% of the national export performance in January 2022. The main non-oil and gas export market shares were to China (19.25%), the United States (14.04%), and Japan (8.29%).


According to the Minister of Industry, the good performance of manufacturing exports is in line with the downstream policy in increasing the added value of domestic raw materials. In addition, it proves that Indonesian industrial products are able to compete in the global arena. "According to the direction of President Joko Widodo, things that are being stimulated from the industrial sector include increasing investment, increasing added value, and expanding the export market. This will accelerate efforts to recover the national economy," he explained. Agus gave an example, the automotive industry sector has proven its ability to penetrate new export markets, namely Australia. The Kangaroo country is known to have strict standards and specifications for marketed vehicle products. "Today it has been proven by one of the automotive industry companies in Indonesia, namely PT Toyota Motor Manufacturing Indonesia (TMMIN) which has succeeded in making its first export to Australia. According to the President, this success is due to the competence of our industrial human resources and also supported by the automotive component IKM sector which is able to meet global quality standards," he explained.


For the expansion of the export market, especially the export market share of automotive products, the Indonesian industry has been able to penetrate around 80 countries with export performance in 2021 recorded as many as 294 thousand units of complete vehicles or Completely Built Up (CBU) with a value of IDR 52.90 trillion, and as many as IDR 52.90 trillion. 91 thousand Completely Knock Down (CKD) sets with a value of IDR 1.31 trillion and 85 million pieces of components with a value of IDR 29.13 trillion. "In particular, the export of TMMIN products in 2021 is 119 thousand units of vehicles, or about 40% of Indonesia's total automotive exports abroad. Alhamdulillah, the President was able to attend to release the first export shipment to Australia which was also accompanied by several products exported to the Philippines and Japan," said Agus.


Source: https://www.antaranews.com/berita/2705865/kinerja-ekspor-industri-pengolahan-naik-31-persen-di-awal-tahun

 

 

 

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