The Indonesian government is intensifying efforts to strengthen export performance, particularly focusing on exports related to tradable goods—items commonly traded internationally. Minister of National Development Planning (PPN)/Head of Bappenas, Suharso Monoarfa, highlighted during the Investor Daily Roundtable that consistent export performance is crucial for supporting the national economy and stabilizing the IDR exchange rate. Tradable goods include primary sectors such as agriculture, forestry, fisheries, mining, and manufacturing. In contrast, non-tradable sectors, which include property, transportation, warehousing, and communication, produce goods that are not typically traded abroad.

Currently, Indonesia's export share of tradable goods is below 50%, with non-tradable goods dominating, which disrupts the balance of the country's current account. A significant import volume could increase the demand for USD, potentially affecting the IDR exchange rate and causing economic vulnerability. To mitigate these risks, the government is promoting downstream processing (hilirisasi) of exports, aiming to add value to exported products by advancing from raw commodities to more complex, value-added goods. Suharso emphasized the need to improve the structure of Indonesia's export products, particularly by enhancing the processing of intermediate commodities, such as moving from crude palm oil (CPO) to more complex industrial products, to optimize the economic benefits and reduce reliance on imports.

Source: https://investor.id/national/370012/konsistensi-kinerja-ekspor-untuk-sokong-perekonomian-nasional