Indonesia targets billions in untapped export potential across China, US, India and Japan
Indonesia's trade minister announced plans to close a $31 billion gap with China and sizable shortfalls in the US, India and Japan by aligning production with market needs.
Indonesia's trade minister outlined a new export strategy aimed at unlocking significant untapped demand in key global markets. An estimated $31 billion of potential sales in China was highlighted, especially for minerals, metals, machinery, electronics, paper, rubber, plastics and chemicals. Additional gaps were quantified at about $14 billion for the United States, $10 billion for India and $5.5 billion for Japan.
The plan calls for aligning domestic production capacity in sectors such as mining, agriculture, plantations, fisheries and manufacturing with the precise needs of these destination countries. It also includes mapping opportunities for electronic, technology and telecommunications goods. The government will improve inter-agency coordination and work with businesses to ease regulatory hurdles, meet market standards and resolve technical issues, aiming to diversify export commodities and increase added value.
Why it matters
Closing these gaps could boost Indonesia's trade earnings and diversify its export base.
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