In June 2024, the Bali, NTB, and NTT Regional Office of the Directorate General of Customs and Excise recorded Bali's export revenue reaching USD 4.1 million, marking an increase from USD 3.4 million in the same period of 2023. Susila Brata, Head of the Regional Office, attributed this growth to exports across all sectors, particularly dominated by fisheries products, including those from SMEs. Comparatively, export revenue in 2023 was USD 4.8 million, up from USD 3.4 million in 2022. The increase in export revenue can be partly attributed to fiscal facilities provided by the Ministry of Finance, such as the Export Destination Import Facility (KITE), which exempts import duties and value-added taxes on raw materials used for processing and subsequent export under Minister of Finance Regulation No. 149 of 2022. In Bali, 17 businesses, including those in silver jewelry, finished garments, and other sectors, benefited from these facilities.
Fisheries products, including captured and live fish, dominated Bali's exports. According to Bali's Central Statistics Agency (BPS), exports from January to May 2024 reached USD 277 million, up nearly 17% from 2022. Fisheries accounted for USD 13.7 million, or 23.31% of total exports, followed by precious metals and jewelry at USD 11.4 million, or 19.39%. Despite these positive export figures, SMEs' contribution to national exports was only 15.8% in 2023, indicating room for improvement. Indonesia's total exports for January to December 2023 amounted to USD 258.82 billion. Efforts to expand both domestic and international sales markets include synergies involving financing with banks, fiscal incentives, marketing, and training for SMEs, facilitated by various government agencies and private sectors within the Ministry of Finance. Overall, Bali's export sector shows promising growth potential, supported by strategic fiscal measures and sector-specific initiatives aimed at enhancing export performance and economic resilience.
