The Indonesian government remains committed to strengthening export performance as a strategic measure to stabilize the IDR exchange rate and support national economic growth. The primary focus is on increasing exports of tradable goods, which include key sectors such as agriculture, forestry, fisheries, mining, and manufacturing. Minister of National Development Planning (PPN)/Head of Bappenas, Suharso Monoarfa, emphasized that exporting tradable goods is crucial for generating foreign currency, as non-tradable goods, like real estate and transportation, cannot be traded internationally and currently dominate Indonesia’s exports.

Suharso highlighted that less than 50% of Indonesia's total exports are tradable goods, which disrupts the current account balance and leads to low economic complexity. The high dependence on imports, especially in the non-tradable sector, increases the demand for USD, putting pressure on the IDR exchange rate and the broader economy. To address these challenges, the government is promoting downstream processing (hilirisasi) to add value to exports. Suharso pointed out that Indonesia’s current export structure needs improvement, particularly in the midstream segment where significant value addition can occur. For example, while Indonesia produces Crude Palm Oil (CPO), the lack of development in downstream industries forces the country to import products, indicating a disconnection between raw materials and final products. The government's efforts aim to enhance the economic value of Indonesia’s exports and reduce vulnerabilities related to exchange rate pressures.

Source : https://www.beritasatu.com/ekonomi/2835351/pemerintah-fokus-tingkatkan-ekspor-tradable-goods