Minister of Trade Budi Santoso is targeting this year's export value to increase by 7.1%. In other words, he said, the export value recorded at the end of the year must be above USD 300 billion. "Now our exports have only increased by 2.29%. I don't think it's hard to jump to 7.1%," said Budi Santoso at the inauguration of the Indonesian Export Entrepreneurs Association (GPEI) at the Ministry of Trade (Kemendag) Office, Jakarta on January 22th, 2025. Budi Santoso revealed that national exports are currently still dominated by the processing industry, which is 78%. He said that this condition is different from 15 years ago. At that time, he said, around 70% of exports were raw materials.
In the future, industries that support exports must be high-tech. GPEI will also be involved by the government in boosting export value. This association is tasked with developing exports, especially in the micro, small, and medium enterprise (MSME) sector. The Central Statistics Agency (BPS) noted that national export performance throughout 2024 reached USD 264.70 billion. Of that achievement, USD 196.54 billion or 74.25%of it was a contribution from the export performance of the non-oil and gas processing industry. The export value of the non-oil and gas processing industry in 2024 increased by 5.33% compared to the previous year. With this performance, the non-oil and gas processing industry also plays a role in achieving a surplus value in Indonesia's trade balance of USD 31.04 billion in 2024. The performance of non-oil and gas exports in 2024 is supported by exports of manufactured products such as various chemical products and vehicles and their parts. The main destination countries for Indonesia's non-oil and gas exports include China, the United States, and India.
